Which of the following is not an obstacle to development?
A. Overpopulation
B. Excessive investment
C. Political instability
D. Corruption
Answer: B
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The interest rate is the opportunity cost
A) of investing in stocks. B) of investing in Treasury securities. C) of using credit cards. D) of holding money.
Suppose that opportunity costs in India and Australia are constant. In India, maximum feasible hourly production rates are either 0.3 unit of cloth or 0.2 unit of food
In Australia, maximum feasible hourly production rates are either 0.5 unit of cloth or 0.5 unit of food. It is correct to state that A) India has a comparative advantage in producing cloth. B) India has a comparative advantage in producing both cloth and wheat. C) India has no comparative advantage in producing cloth or wheat. D) Australia has a comparative advantage in producing cloth.
Marginal external cost equals marginal private cost minus marginal social cost
a. True b. False
Labor unions are groups of:
A. employees who join together to bargain with their employer(s) over salaries and work conditions. B. employers who join together to create fair employment packages for employees within a certain geographical area. C. employers who petition the government to regulate the safety conditions of certain industries. D. employees who petition the government to oversee the employment conditions of employees who work for major corporations.