Which of the following leads to a recession?
A) An accumulation of money in the economy
B) An accumulation of mistakes in the economy
C) An accumulation of non-renewable resources in the economy
D) An accumulation of irrational decisions among businesses and households
B
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Explicit costs include
a. monitoring expenses incurred by the government b. enforcement costs paid by the public sector c. compliance costs incurred by all economic sectors d. all of the above e. none of the above
Refer to the scenario above. Which country has the highest income per capita in PPP dollars?
A) Country 1 B) Country 2 C) Country 3 D) Country 4
Pay-per-view broadcasts are ________
A) public goods B) private goods C) club goods D) common pool resources
Which of the following countries had a larger growth rate since 1960?
A) U.S. B) Senegal C) South Korea D) Kamul E) Colombia