The ________ hypothesis claims that differences in natural environment such as climate, and ecology are ultimately responsible for the major differences in prosperity observed around the world
A) climate B) location C) ecology D) geography
D
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Net foreign investment minus net foreign portfolio investment is equal to
A) the balance of trade. B) net foreign financial investment. C) net foreign direct investment. D) capital outflows.
The law of diminishing marginal utility implies that the marginal utility of my fifth waffle is less than the marginal utility of my friend's second waffle, other things constant
a. True b. False
Union members earn about the same wage level as nonunion members in the same industry.
Answer the following statement true (T) or false (F)
The permanent shut down point of a perfectly competitive firm, in the long run, is:
a. the minimum point of the AVC curve. b. the minimum point of the MC curve. c. the minimum point of the AR curve. d. the minimum point of the ATC curve. e. the minimum point of the AFC curve.