A period of sustained decline in output in an economy is known as a(n) _____
a. expansion
b. stagnation
c. peak
d. trough
e. contraction
e
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Due to ongoing drought conditions, many cities in Texas have implemented water conservation measures which prevent homeowners from watering their lawns more than two times per month. Prior to the drought conditions, no restrictions were in place
Discuss this measure from the villain/victim standpoint. Explain who the villains and victims are, and if they really are villains and victims?
Limits on a country's ability to use aid effectively are referred to as its
a. absorptive capacity b. bilateral aid c. conditionality d. grant element e. none of the above
Suppose you made a 5% down payment on a house on January 1, 2013, and on January 1, 2014 you decide to sell the house. If the price of your house decreased by 10%, the return on your investment in the house would be
A) -5%. B) -10%. C) -50%. D) -200%.
Government subsidies on the purchase of fertilizer by farmers result in
A. No change to fixed or variable costs. B. Lower costs of production and increased output. C. Higher fixed costs to farmers. D. Decreased output because variable costs are higher.