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)

COUNTRYPOTATOESWHEAT
United States42
Ireland31

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