The lack of investment in developing countries is at least in part attributable to:
A. high levels of foreign aid.
B. low levels of domestic savings.
C. inappropriate education.
D. overpopulation.
Answer: B
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A fall in the price level brings a ________ in the real wage rate that ________ profits which leads to ________
A) fall; increases; firms temporarily shutting down B) rise; reduces; firms restarting production C) rise; increases; firms temporarily shutting down D) rise; reduces; firms temporarily shutting down E) rise; increases; firms restarting production
Given that the demand for unskilled labor curve is downward-sloping, an unintended effect of raising the minimum wage is that some people who worked at the lower wage will lose their jobs at the higher wage
Indicate whether the statement is true or false
Typically, the ________ in a country, the higher the level of spending per person on health care.
A) higher the level of income per person B) higher the level of income taxes C) larger the population D) lower the median age of the population
Maximum Feasible Hourly Production Rates of EitherProduct A or Product B Using All Available ResourcesProductCountry XCountry YA48B44 Refer to the above table. If opportunity costs are constant, each nation produces only the one good for which it has a comparative advantage, and trade can occur between the two countries
A. country X will produce product B and country Y will produce product A. B. country Y will refuse to trade with country X since country Y has a comparative advantage in both products. C. country X will produce product A and country Y will produce product B. D. country X will refuse to trade with country Y since country X has a comparative advantage in both products.