What is the best explanation for why China and India have received so much international interest and foreign investment?
A) Their large populations
B) Their geographic location
C) Their control over natural resources
D) Government incentives provided to foreign firms
A
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Suppose Charley only purchases boardgames (B) and haircuts (H) with his income
If the price of boardgames increases by 100% while the price of haircuts increases by 300%, how will the MRT change (consider the budget constraint drawn on a graph with boardgames on the horizontal axis)?
If accompanied by decreased investment, increased saving is both inevitable and desirable
Indicate whether the statement is true or false
Oligopoly is a market structure where one firm produces all of the output in the market
a. True b. False Indicate whether the statement is true or false
What is the opportunity cost of 1 ton of apples for the nations of Argentina and Brazil, respectively?
A. 4 tons of oranges and 2 tons of oranges
B. 2.5 tons of oranges and .4 tons of oranges
C. .25 tons of oranges and .5 tons of oranges
D. 2 tons of oranges and 4 tons of oranges