If you were looking at the economy of Egypt, the best example of its economic infrastructure would be its
a. natural resources
b. banking system
c. government
d. religious and cultural beliefs
e. population growth rate
B
You might also like to view...
Refer to the scenario above. If both economies have the same depreciation rate, then which of the following statements will be true?
A) Economy A will have a greater capital stock and a lower GDP than economy B. B) Economy A will have a greater capital stock and GDP than economy B. C) Economy A will have a lower capital stock and GDP than economy B. D) Economy A will have a lower capital stock and a greater GDP than economy B.
What basket of goods in used to construct the CPI?
What will be an ideal response?
Which statement is true of a tax levied on one product in a general equilibrium model?
A. Taxes always distort the most efficient flow of resources in an economy. B. Taxes will hurt efficiency unless they are designed to offset other inefficiencies in the system. C. Taxes cannot distort efficient resource flows because they become part of the price. D. Taxes on producers distort efficient resource flows but taxes on consumers do not affect efficiency.
When the ultimatum game is played for larger rather than smaller amounts of money, behavioral economists have found that when the proposed splits are very uneven:
A. responders are much more likely to accept the offer because of the amount of money involved. B. responders are no more likely to accept the offer if they consider the split to be unfair. C. responders are much less likely to accept the offer because their sense of unfairness is heightened with larger amounts of money. D. responders will accept offers at a higher rate but will exact greater emotional penalties on the proposer.