Which of the following is a prerequisite for sustainable economic growth?
A) Private foreign investment
B) A literate populace
C) Aid provided by international agencies
D) An easy monetary policy
E) An abundance of natural resources
B
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The Charles River Bridge v. Warren Bridge (1837) decision established that a state could incorporate competing franchises, effectively overturning the old idea that a corporate charter implied a grant of monopoly
Indicate whether the statement is true or false
Most economists believe that substitution behavior by consumers causes inflation measured by the Consumer Price Index (CPI) to overstate the true rate of inflation
a. True b. False
Suppose that A Cleaner World invents a new type of laundry detergent that has an ingredient that stops stains from setting into clothes. If the laundry detergent market is monopolistically competitive, explain what will happen to the price of its product in the short run. What will happen in the long run?
What will be an ideal response?
Refer to the information provided in Figure 23.3 below to answer the question(s) that follow.
Figure 23.3Refer to Figure 23.3. [-60 + 0.3Y] is this society's
A. MPC. B. saving function. C. consumption function. D. MPS.