Which of these countries have higher levels of human capital?
A. Asian countries
B. European countries
C. Developing countries
D. Developed countries
Answer: D
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The relationship between distance traveled in 5 hours and speed shown in the figure above is
A) direct, linear. B) inverse, linear. C) direct, non-linear. D) inverse, positive. E) direct, negative.
The demand for a product is the amount that
a. buyers purchase in the market b. buyers are willing to purchase at a given price c. sellers are willing to sell at a particular price d. buyers are willing and able to purchase at alternative prices e. buyers are able to purchase at a specific price
Suppose that the quantity of apples sold increases by 30 percent after the price of pears increases by 15 percent. What is the coefficient of cross elasticity of demand?
a. 3.0 b. 1.5 c. 0.2 d. 2.0 e. 0.3
Taxes constitute the difference between GDP and disposable income.
Answer the following statement true (T) or false (F)