Which of the following examples might cause an increase in demand for land?
a. The app was useful to find an alternate route during construction.
b. A report convinced many Americans that breathing sea air lowers blood pressure.
c. The old train station was being remodeled into a restaurant.
d. A neighborhood group raised money for a community playset for the park.
b. A report convinced many Americans that breathing sea air lowers blood pressure.
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The price of a McDonald's dinner is $5; the price of a Burger King dinner is $5. The marginal utility you would get from the next McDonald's dinner is 15; the marginal utility you would get from the next Burger King dinner is 20. You should:
A. consume more Burger King dinners. B. consume more McDonald's dinners. C. not consume either Burger King or McDonald's dinners. D. realize you cannot make a rational decision.
The foreign exchange market is the market on which ________ of various nations are traded for one another.
A. stocks and bonds B. international financial securities C. goods and services D. currencies
The idea behind the traditional industrial policy of import substitution is:
A. to protect infant industries until they can become price competitive in the world market. B. give certain industries a chance to enter a market and gain efficiencies that companies elsewhere in the world have already gained in that industry. C. build up home industries to compete with others in the world. D. All of these statements are true.
Since the 1870's, the decade with the slowest average annual percent growth rate in labor productivity was the 1970's
Indicate whether the statement is true or false