A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock.
B. long-run supply shock.
C. short-run demand shock.
D. long-run demand shock.
A. short-run supply shock.
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In New York City, Mayor Michael Bloomberg has recently recommend that the city, with the help of private donors, make cash payments to poor and underprivileged parents who can certify that their children are attending school on a regular basis
The payments would start after third grade and go through high school, rising each year as dropout rates get higher and a child's forgone earning potential is higher. What economic concept does this policy represent? A) public goods B) technological progress C) externalities D) the "invisible hand" E) incentives
What is the difference between capital goods and consumer goods?
What will be an ideal response?
Explain the reasons for the hidden momentum of population growth and state its implication for population levels
What will be an ideal response?
Building a good reputation in the marketplace:
A. is easy to fake. B. can take a long time to establish. C. is not a significant value to a seller. D. All of these statements are true.