Public saving in the economy can be increased by
A) lowering taxes.
B) raising government spending.
C) raising taxes.
D) raising transfer payments.
Answer: C
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Most developing countries rely on foreign financing because:
a. ?these countries do not generate enough savings to fund investments. b. ?foreign financing is more reliable than domestic investments. c. ?investors do not recognize their potential gains. d. ?foreign countries are more than willing to invest in developing countries. e. ?their governments are unstable and run on deficits.
A hypothesis states that religious teachings, family ties, and/or social norms are the root cause of economic prosperity. According to this hypothesis:
A) culture is a proximate cause of prosperity. B) geography is a fundamental cause of prosperity. C) institutions is a fundamental cause of prosperity. D) culture is a fundamental cause of prosperity.
Which of the following is most likely to lead to an increase in the rental price of apartments near your campus?
What will be an ideal response?
Below, the graph on the left shows long-run average and marginal cost for a typical firm in a perfectly competitive industry. The graph on the right shows demand and long-run supply for an increasing-cost industry.
How much profit will the firm earn?
A. $3,100 B. $2,600 C. $3,750 D. $6,000 E. zero