Of the emerging changes in the field of international relations, which is the most far-reaching and critical one?
a. increasing gaps in wealth
b. erosion of American power
c. role of the sovereign state
d. spread of democracy
c. role of the sovereign state
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the government created a new tax credit to encourage businesses to build more factories
What will be an ideal response?
A budget line describes:
a. the alternative combinations of two goods that a buyer can purchase with a given money income b. the alternative combinations of two goods that will yield the same level of total satisfaction to a consumer c. the quantities of a particular good that a consumer will purchase at various prices
An increase in the marginal product of capital shifts the
A) supply of capital curve rightward. B) supply of capital curve leftward. C) demand for capital curve rightward. D) demand for capital curve leftward.
A Big Mac costs $4.79 in the United States and 9.6 zlotys in Poland. If the exchange rate is 3 zlotys per dollar, what is the dollar cost of a Big Mac in Poland?
A) $1.60 B) $2.00 C) $3.20 D) $4.64