Less of an economy's resources will be channeled into building new factories and equipment when:
What will be an ideal response?
interest rates are high
Economics
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The price of Kenwood blender increased from ?150 to ?250. Following the increase in price, quantity demanded of the blender dropped from 500 to 400.
Economics
The gross domestic product of a small country is $4,150,000 and the size of its employed labor force is 5,000. The income per worker of the country is ________
A) $620 B) $213 C) $830 D) $445
Economics
Explain the connection between opportunity cost and the PPF
What will be an ideal response?
Economics
If the accounting profit equals $200,000 and implicit costs equal $40,000, the economic profit equals
a. $240,000. b. $200,000. c. $160,000. d. $40,000.
Economics