While the Economic Freedom Index demonstrates a strong ________ correlation between economic freedom and per capita GDP, the economic way of thinking provides the ________
A) negative; explanation
B) positive; explanation
C) negative; data
D) positive; data
B
You might also like to view...
The final consumer demand for chicken (a normal good) in China will shift if:
a. Consumer income decreases b. If fewer consumers are present in the market c. If the price of pork decreases d. All of the above e. If either a or b occurs, but not c
In 2016, the most profit from the musical Hamilton went to
A) the musical's star and creator, Lin-Manuel Miranda. B) the musical's producers. C) the owners of the Richard Rodgers Theater where the musical is performed. D) scalpers.
"The law of diminishing returns is the same as the decreasing returns to scale." Do you agree? Explain
What will be an ideal response?
What happens when a firm encounters diminishing returns? What causes diminishing returns?
What will be an ideal response?