Which of the following does not hinder economic development?
a. lack of education
b. poor agricultural productivity
c. low investment in human capital
d. lack of technology
e. good nutrition
E
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An example of assets that are included in ________ would be stocks, bonds, and savings accounts
A) consumer purchases B) planned investment C) household income D) household wealth
As the baby boomer generation retires and takes money out of their retirement accounts, what is expected to happen to the interest rate, ceteris paribus?
A) It will increase. B) It will not change. C) It will decrease. D) It will decrease because of demand-side shocks.
Government-created price floors are typically imposed to
a. help consumers b. help producers c. raise tax revenue d. shift the supply curve to the left e. shift the demand curve to the right
Which of the following characteristics is generally representative of developing countries relative to developed countries?
A. a greater availability of college education. B. a lower infant mortality rate C. a lower rate of illiteracy D. a smaller percentage of the labor force in urban areas