Who was the leader of Chinese economic reforms?
What will be an ideal response?
Deng Xiaoping
Economics
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When a good is subsidized by the government, the amount of the good produced or consumed declines
a. True b. False Indicate whether the statement is true or false
Economics
Trade-offs arising from limited resources give rise to:
a. rational self-interest b. opportunity costs c. unlimited wants d. scarce resources
Economics
How much is autonomous consumption when disposable income is $800 billion?
A. 0
B. $200 billion
C. $400 billion
D. $600 billion
Economics
The more inelastic the demand for a resource the:
A. Less elastic its marginal revenue product curve B. More elastic its marginal revenue product curve C. Greater the potential for resource substitution D. Greater the productivity of the resource
Economics