The figure above shows Sam's budget line. Which of the following formulas represents Sam's budget equation?
A) $60.00 = $1.50/Qg + $3.00/Qc
B) $60.00 = Qg /$1.50 + Qc /$3.00
C) $60.00 = $1.50(Qg) + $3.00(Qc)
D) $60.00 = $1.50(Qg) - $3.00(Qc)
C
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Which of the following is an asset to a bank?
a. Checkable deposits b. Transaction deposits c. Credit cards d. Loans e. Borrowings from the Fed
A flat tax: a. is designed so that everybody would pay the same number of dollars in taxes
b. is designed in such a way that as a person's income rises, the tax rate falls. c. is designed so that everybody would be charged the same percentage of their income. d. is designed to take a smaller percentage of higher incomes as compared to lower incomes.
Which of the following terms describes the process wherein many of the different stages of producing a good happen in different geographic locations?
a. supply chain management b. splitting up the supply chain c. splitting up the value chain d. value Chain management
"The countries which have implemented policies that emphasize exporting have been more successful than the countries using import-substituting industrialization (ISI)." Does theory suggest that this must be the case? That is, theoretically, is there no support for ISI, or are the necessary conditions for successful ISI not being met?
What will be an ideal response?