Which of the following is correct?
A. Economic development is more quantitative than economic growth.
B. A country cannot achieve economic growth with a limited base of natural resources.
C. Infrastructure is capital provided by the private sector.
D. Economic development in LDCs is low because of many of them lack saving, infrastructure, and a political environment favorable to growth.
Answer: D
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In the Keynesian model, consumption
A) is positively related to income but saving is not systematically related to either income or interest rates. B) and saving are positively related to the real interest rate. C) and saving are positively related to income. D) is positively related to income and saving is negatively related to the stock market.
Explain how it is possible for a recently retired postal worker to be more wealthy than a rookie professional football player even though it is widely recognized that football players earn more than postal workers
What will be an ideal response?
If one person's use of good x diminishes other people's use of it, then good x is one of two types of goods. What are those two types?
The lower Sunday and Saturday prices also result from the ability __________________ has given airlines to throw discounts in front of consumers at any time.
Fill in the blank(s) with the appropriate word(s).