The market value of all final goods and services produced within a country during a specific period
What will be an ideal response?
gross domestic product
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The development of a strain of wheat that will yield two crops per year rather than one crop per year is an example of economic growth resulting from
A) increased gross investment. B) technological progress. C) an increase in per capita real income. D) capital accumulation.
In the public choice (or new political economy) approach to development the emphasis is on
a. growth in the rural sector. b. the self-interested behavior of public officials. c. the dependence of LDCs on former colonial powers. d. the inherent efficiency of developing country markets.
Which statement is true?
A. There is no one single cause of homelessness. B. Most of the homeless have jobs. C. There are fewer Americans homeless than ten years ago. D. People are homeless because they want to be.
P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. 
P-TV will air a sitcom:
A. only if QRS-TV is also airing a sitcom. B. no matter what QRS-TV does. C. never. D. only if QRS-TV is airing a reality show.