Refer to the tables. Opportunity costs are:
A. constant in both Duckistan and Herbania.
B. larger in Duckistan than in Herbania.
C. increasing in both Duckistan and Herbania.
D. increasing in Duckistan and constant in Herbania.
C. increasing in both Duckistan and Herbania.
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Comment on how extractive institutions affect:
a) the return-to-entrepreneurship schedule. b) the opportunity cost of entrepreneurship schedule. What will be an ideal response?
________ refers to the irregular meetings of creditor governments with debtor nations desiring rescheduling of debts
A) The Paris Club B) IMF "conditionality" C) IBF D) LIBOR
John Maynard Keynes sought to solve the economic problem of the Great Depression, which was the coexistence of
A. high production and high inflation. B. low production and low unemployment. C. low production and high unemployment. D. high production and low inflation.
The United States had the largest real GDP per person until the 2012 when the China's real GDP per person overtook and then exceeded that in the United States
Indicate whether the statement is true or false