Which of the following variables is used to determine a country's economic growth?
i. real GDP
ii. wages
iii. inflation
A) ii and iii B) i, ii and iii C) i and ii only D) i only E) i and iii
D
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Regardless of how price inelastic the supply curve, tax revenue from a per-unit tax rises the more price inelastic the demand curve is.
Answer the following statement true (T) or false (F)
Which of the following was not a major source of economic growth in the 1920s?
a. construction of residential housing b. production of consumer durables c. railroad construction d. automobile production
A merchandiser decides to sell corn to a Blair, NE location and gain $0.17/bu on the trade (after transport). He/she can obtain the corn for this opportunity at a net cost of $0.10/bu. The merchandiser who made these transactions, is taking advantage of an opportunity for _________:
a. Storage opportunities b. Monopoly gains c. Monopsony gains d. Arbitrage
The key region of the brain for principal decision making is the:
A. insular cortex. B. amygdala. C. Nucleus Accumbens (NAcc). D. prefrontal cortex (PFC).