The productivity growth rates of poorer countries tend to be ____ than those of richer countries

a. higher
b. lower
c. increasing slower
d. decreasing faster


a

Economics

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Define the following terms. Give a complete and precise definition in one sentence. a. total utility b. marginal utility c. consumer’s surplus d. “law” of demand

What will be an ideal response?

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In the figure above, what is Gap's markup?

A) $50 B) $15 C) $35 D) zero

Economics

Hannah runs a manicuring shop. Currently, her shop provides 50 manicures per day, and the shop's daily total cost (TC) is $600. If Hannah decides to provide 25 more manicures per day, the total cost will rise by $75 per day. If Hannah does decide to increase production by this much, what will the shop's daily average total cost (ATC) be?

a. $12.00 b. $3.00 c. $8.00 d. $9.00 e. $13.50

Economics

A fishery is typically identified by:

A. location and size. B. location and species. C. species and size. D. species and market value.

Economics