Economic growth requires
A) private foreign investment.
B) domestic budget deficits.
C) investment in human capital.
D) governance according to the will of whoever is in charge.
C
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A large airline calculates that the additional cost of a having a passenger on a flight to the Bahamas as the cost of a bag of peanuts and a soft drink, which totals $1.50, but the airline’s price is $600 for potential customers who want to buy vacant seats on the day of the flight. Which economic principle is this airline failing to utilize?
What will be an ideal response?
Real GDP, as opposed to money (nominal) GDP, has been adjusted for changes in the general level of prices
a. True b. False Indicate whether the statement is true or false
The U.S. commercial airline industry is a good example of an oligopolistic market
a. True b. False Indicate whether the statement is true or false
A shortage is defined as the situation that exists when the quantity of a good supplied is greater than the quantity demanded
Indicate whether the statement is true or false