According to this Application, China's growth rate was faster than India's during this 26 year period because
A) China received more contributions from human capital than India received.
B) China's growth was based more on human capital and India's growth was based more on physical capital.
C) China's growth was based more on human capital and India's growth was based more on technological progress.
D) China invested more in physical capital than India invested.
D
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The above figure shows a firm in monopolistic competition. What price will the firm charge?
A) $12 B) $24 C) $36 D) None of the above answers is correct.
In recent years, the fertility rate in developing countries has been
(a) declining. (b) holding steady. (c) increasing. (d) showing no particular pattern.
In the market for land, if the supply of land is perfectly inelastic, an increase in the demand for land will result in a(n)
A. increase in economic rent. B. increase in the real interest rate. C. decrease in the equilibrium price. D. increase in the quantity supplied of land.
Assuming supply is a straight line and intersects the y axis, the equation of the inverse supply curve is represented as
A. P + Qs = c + d. B. Q = c - bPs. C. P = c - dQs. D. P = c + dQs.