Enforceable private property risks
A. Make economic development more likely.
B. Make economic development less likely.
C. Guarantee that economic development will occur.
D. Ultimately have title effect on economy
E. Guarantee that economic development will not occur.
A. Make economic development more likely.
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You have been hired as an economic advisor for a developing country. You have been asked to focus on education as a means for the country's development
Explain to the prime minister how improving education and training can contribute to his country's economic growth, and why it is important for the government to take a proactive role in promoting education.
Suppose you own a store that sells top-of-the-line MP3 players. You have determined that the demand function for your MP3 players is Qd = D(P) = 1200 - 4P. At what price would you sell the MP3 players if you wanted to sell 100 of them?
A. $250 B. $275 C. $280 D. $300
The demand for labor and other factors of production typically decline in a recession because those factors
A. Are derived from the demand for final output, which also declines in a recession. B. Are no longer offered for sale in factor markets. C. Have become more expensive than before the recession. D. Have become relatively scarcer than before the recession.
Fiscal policy refers to:
A. the determination of the nation's money supply. B. government policies aimed at changing the underlying structure or institutions of the economy. C. decisions to determine the government's budget. D. policy directed toward increasing exports and reducing imports.