Which of the following is not an obstacle to development?
A. Overpopulation
B. Excessive investment
C. Political instability
D. Corruption
Answer: B
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Suppose that a new drug has been approved to treat a life-threatening disease. The demand for that drug is shown on the graph below. Prior to approval of this drug, the only treatment for this condition was any one of several non-prescription, or over-the-counter, pain relievers. The demand for one brand of the several non-prescription pain relievers is also shown on the graph. 
The manufacturer of the over-the-counter pain reliever would ________ total revenue by increasing the price from $15 to $16.
A. experience an uncertain change in B. experience no change in C. increase D. decrease
When will a decrease in aggregate demand not result in a lower inflation rate in the short run?
What will be an ideal response?
In dollar terms the most important of all forms of property and casualty insurance is
A) automobile liability insurance. B) home owners insurance. C) medical malpractice insurance. D) fire insurance.
Regardless of quantity in long-run equilibrium, the industry price cannot exceed the
A. long-run average cost of supplying that quantity. B. total variable cost of supplying that quantity. C. long-run total cost of supplying that quantity. D. minimum long-run marginal cost of supplying that quantity.