Most economists believe that the poor economic performance of countries located in tropical areas is primarily the result of
What will be an ideal response?
the poor institutional quality in most tropical countries
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A one-year bond has an interest rate of 3% and is expected to fall to 2.5% next year and 2% in two years. The term premium for a two-year bond is 0.3% and for a three-year bond is 0.5%
What are the interest rates on a two-year bond and three-year bond according to the liquidity premium theory?
To maintain their economic profits, firms in monopolistic competition must continually engage in
A) product innovation and development. B) lowering their product's price. C) raising their product's price. D) realizing short-run losses. E) making the demand for their product more elastic.
Which of the following was signed in the Kyoto Protocol?
A) the Framework Convention on Climate Change B) the Zero Greenhouse Gas Agreement C) the Treaty on Global Warming D) the Emission Trading Scheme
Most countries:
A. protect cartels. B. have laws against firms making agreements about prices or quantities. C. protect oligopoly markets. D. force monopolists to become duopolists.