Using the Rule of 72, how long will it take something growing at 2% per year to double?
A. 36 years
B. 100 years
C. 144 years
D. 50 years
Answer: A
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The idea that all potentially available alternatives can be ordered according to a consumer's preferences is called:
A. the consumption principle. B. the ranking principle. C. the choice principle. D. the more-is-better principle.
Which of the following best describes the process that occurs when the price of a good is below equilibrium?
B. The excess supply of the good provides an incentive for buyers to offer a higher price. These higher prices encourage sellers to supply more of the good. C. The excess demand for the good provides an incentive for buyers to offer a lower price. These lower prices encourage sellers to supply less of the good. D. The excess supply for the good provides an incentive for buyers to offer a lower price. These lower prices encourage sellers to supply less of the good.
Democracy ________ essential to economic growth and according to the capabilities approach should ________.
A. is not; not be considered as improving lives if it doesn't directly contribute to growth B. is not; still be essential in sustaining basic freedoms C. is; also be seen as essential to sustaining basic freedoms D. is; not be considered to create capabilities without directly contributing to growth
Use the above figure. The ATC at output 5 is
A. $25.00. B. $2.00. C. $5.00. D. $3.00.