In the figure above, suppose that Mac and Izzie specialize and trade to reach point c. Mac sends Izzie
A) 12 computers in exchange for 12 TVs.
B) 12 computers in exchange for 6 TVs.
C) 6 computers in exchange for 12 TVs.
D) 6 computers in exchange for 6 TVs.
D
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Which of the following is NOT a criticism that has been leveled at the World Bank?
A) Since 1990, the World Bank has loaned mostly to African countries, to the detriment of nations in other parts of the world. B) Too many loans go to nations capable of privately financing their projects. C) Some countries receiving World Bank loans are net lenders of funds to other nations and so should not be receiving World Bank funds. D) Despite receiving loans from the World Bank, economic growth in many client nations has been disappointing.
Neoclassical growth theory attributes economic growth to
A) technological change. B) fiscal policy. C) the law of diminishing returns. D) increasing population growth.
Out of approximately 150 million workers in the U.S. economy, what percentage of the total are paid the minimum wage?
a. Less than 2% b. Approximately 5% c. Approximately 8% d. More than 10%
Quantity Supplied
What will be an ideal response?