The demand for land is upward sloping.
Answer the following statement true (T) or false (F)
False
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In the Solow growth model, given the values of A, s, n, and d, the economy has an equilibrium growth rate of real GDP equal to
A) s. B) n. C) n + d. D) n - d. E) s - d.
All capitalist economies
A. can operate without government establishing a legal system. B. create an equal distribution of income. C. depend on central planning. D. depend on the price mechanism.
A quota has all of the following impacts except:
A. generate revenues for government. B. create deadweight loss. C. drive up prices. D. help poorer countries.
Answer the next question on the basis of the following data. OutputTotal Cost0$10120228338453573698The average variable cost of producing 3 units of output is
A. $9.33. B. $12.67. C. $10.00. D. $38.00.