It has been said that "underdevelopment is a state of mind." Comment
What will be an ideal response?
You may look for a discussion of the role of modern values in the development process,
as on Pages 12–14 of the text.
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Today farms with sales of more than $250,000 a year account for about _____ percent of all agriculture sales.
A. 5 B. 25 C. 50 D. 75
An increase in unearned income always creates a disincentive to work
Indicate whether the statement is true or false
Which of the following is not considered a resident when calculating the balance of payments?
a. governments b. capital equipment c. organizations d. firms e. people
A monopsonist in the labor market has
A) a perfectly elastic labor supply. B) a decreasing average variable cost. C) an upward sloping labor supply curve. D) a downward sloping marginal revenue product curve.