The lack of investment in developing countries is at least in part attributable to:
A. high levels of foreign aid.
B. low levels of domestic savings.
C. inappropriate education.
D. overpopulation.
Answer: B
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Total income in a country in 2012 is $780 billion. Total expenditure in the country
A) cannot be determined. B) is greater than $780 billion. C) is $780 billion. D) is less than $780 billion. E) is either less than or equal to $780 billion.
A large number of firms in Richland sell energy drinks. However, each firm faces a downward sloping demand curve. The market for energy drinks in Richland is an example of a(n) ________
A) perfect competition B) monopolistic competition C) monopoly D) oligopoly
If the market does not allocate resources perfectly, the government can.
A. True B. False C. Uncertain
Buying a used textbook from a fellow student is an example of what type of market?
A. Global B. Local C. Labor D. National