The difference in economic growth in North Korea and South Korea can be primarily attributed to differences in ________
A) the proximate causes of prosperity B) geography
C) culture D) institutions
D
Economics
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If the production of oranges reduces global warming, then the equilibrium quantity of oranges will be ________ the socially optimal quantity.
A. higher than B. equal to C. more valuable than D. lower than
Economics
In the following table, Ireland's opportunity cost of producing one unit of wheat is
Potatoes and Wheat Output (tons per hour)
COUNTRY | POTATOES | WHEAT |
United States | 4 | 2 |
Ireland | 3 | 1 |
Economics
Which of the following examples are substitutes in production?
a. shoes; polish b. 2 percent milk; cream c. baseballs; footballs d. crude oil; motor oil
Economics
The inflation determines more by:
a. demand-pull inflation forces. b. expected inflation forces.
Economics