If you have a choice between consuming bundle X or bundle Y, the opportunity cost of consuming bundle X is bundle Y
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is not one of the three pillars of productivity growth?
a. rate of capacity utilization b. rate of technological improvement c. rate of improvement in workforce quality d. rate of capital expansion
From the "economic perspective," people make purposeful decisions based on hypotheses.
Answer the following statement true (T) or false (F)
There is evidence that the exchange-rate pass-through effect to import prices has been declining in developed economies, especially for the United States
Indicate whether the statement is true or false
The study of development economics is to understand
A. why most of the patents on record have been given to men rather than to women. B. why some products are successful in the market as soon as they are developed, whereas others do not catch on for years. C. why some countries are rich and others are poor. D. the personality factors that lead people to become entrepreneurs.