Which of the following factors are highly related to the pace of economic? development?
What will be an ideal response?
-developing an educated population
-establishing a system of property rights
-limiting protectionism
All of the above.
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
The long run supply curve to a market depends on the characteristics of the firms that currently operate in it. Thus, the latter will be more elastic than the short-run supply curve
Indicate whether the statement is true or false
Scientific investigations that have no immediately obvious commercial applications are called nonessential research.
Answer the following statement true (T) or false (F)
Which of these sets of nations are considered high-income economies?
A. Brazil, Thailand, and South Africa. B. China, India, and Russia. C. Canada, Switzerland, and France. D. United States, South Korea, and Mexico.