In Alan Lakein's book How to Get Control of Your Time and Your Life, he divides time use into different levels called ABC, the C level stands for:
a. The most important activities
b. Medium value activities
c. Low-value activities
d. None of the above are correct
C
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The birth rate in most LDCs is _____ than in most industrial countries.
Fill in the blank(s) with the appropriate word(s).
Using the concepts of community indifference curves and the production-possibility curve, explain how the international price of a good is determined in the Heckscher-Ohlin two-commodity model. What is the unit of measurement for the price of a good in this model?
What will be an ideal response?
What is the difference between economic and accounting profit? Why is a distinction between them important?
Economic takeoff:
A. occurs when development becomes self-sustaining. B. will eventually occur in all developing countries. C. typically occurs in the absence of foreign investment. D. has yet to occur in any developing country.