As of 2013, which was the only country in the world to be debt-free?
A. Brunei
B. Greece
C. Japan
D. Korea
A. Brunei
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Use the following table to answer the next question.OutputTotal Cost0$10120228338453573698The total variable cost associated with the production of 5 units of output is
A. $14.60. B. $73.00. C. $10.00. D. $63.00.
The economist in the 1930s who is credited with key insights into causes of economic downturns was:
A. Adam Smith B. David Ricardo C. Ben Bernanke D. John Maynard Keynes
The estimated demand for a good is
= 25 - 5P + 0.32M + 12PRwhere Q is the quantity demanded of the good, P is the price of the good, M is income, and PR is the price of related good R. The coefficient on P
A. should have the same sign as the coefficient on PR. B. is negative as expected. C. does not have the expected sign. D. should not be greater than one (in absolute value). E. both b and d
Describe the differences between capitalism and socialism.
What will be an ideal response?