A nation's infrastructure includes all of the following except its

a. market system
b. educational system
c. energy system
d. railroad system
e. religious system


E

Economics

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The principal distinction between positive analysis and normative analysis is that

A) positive analysis is useful and normative analysis is not useful. B) positive analysis is optimistic and normative analysis is neutral. C) economists always agree on the conclusions of positive analysis but could disagree on the conclusions of normative analysis. D) positive analysis tells us "what is," but normative analysis tells us "what ought to be."

Economics

What is the difference between monetary policy and fiscal policy?

Economics

If labor is fixed at 5 units, how much does the second unit of capital add to total output? Amount of total output produced from various combinations of labor and capital.

A. 490 B. 390 C. 100 D. 50 E. none of the above

Economics

Over time in the long run we expect unplanned inventory expenditure to:

A. be negative as firms will tend to reduce production is they think people won't purchase their product. B. be positive as on average firms tend to be optimistic about sales, but if they don't sell product they store it. C. equal zero as planned inventories should equal actual inventories. D. increase because firms have a hard time figuring out what consumers want.

Economics