The phrase "capital formation" is synonymous with
a. investment spending.
b. buying shares of stock.
c. creating mutual funds.
d. purchasing financial assets.
a
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What makes the Lewis model a "development" model rather than a "growth" model? What insights on development can be derived from the model?
What will be an ideal response?
Higher prices
A. are always against the public interest. B. may sometimes serve the public interest. C. should never be allowed. D. occur automatically for abundant goods.
Economics is the study of the logic of
a. rational decisions. b. decision-making activities. c. ends and means. d. choosing options from those available. e. All of the above are correct.
When foreign real national income rises, domestic Real GDP falls, ceteris paribus
Indicate whether the statement is true or false