Something will be rare but not scarce if very little of it exists and
A) its price is high enough that only a few wish to purchase it.
B) its price is high enough that no one can afford it.
C) no one wants any.
D) the quantity supplied is greater than the quantity demanded.
C
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One reason why many low-income countries experience low rates of growth is because of low rates of saving and investment in those countries
Indicate whether the statement is true or false
A demand curve that is perfectly inelastic is
A. horizontal. B. vertical. C. at a 45 degree angle. D. parallel to the X-axis.
Which of the following activities would be calculated as part of GDP accounts?
A. Drug trafficking. B. Money laundry. C. Illegal prostitution. D. Purchasing plastic surgery.
Which of the following are barriers to entry?
A) economies of scale B) patents and copyrights C) control of resources D) all of the above