Markets will always allocate resources efficiently
a. True
b. False
Indicate whether the statement is true or false
False
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In Cambodia during the early 2000s, the illiteracy rate for girls between the ages of 15 and 24 was __________ and the illiteracy rate for males in this age group was ______________.
a. 86%; 88% b. 80%; 83% c. 67%; 70% d. 72%; 69%
Differentiate between an open and a closed economy? Do you agree that US economy is more open among the advanced industrial countries in the world?
The principle of diminishing returns to labor is based on the:
A. principle of increasing opportunity cost. B. scarcity principle. C. cost-benefit principle. D. principle of comparative advantage.
In the market for money, the supply curve is made up of
A. savers. B. neither borrowers nor savers. C. a combination of borrowers and savers. D. borrowers.