If a poor country is going to grow rapidly and achieve a high level of per capita income, which of the following is most important?
What will be an ideal response?
institutions and policies that encourage productive activities
Economics
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If the supply curve is ________, the elasticity of supply is ________
A) vertical; infinite B) vertical; 0 C) horizontal; 1 D) horizontal; 0 E) a straight, upward sloping line through the origin; 0
Economics
In recent years, average household income in the United States was highest for households headed by someone aged
A) 35 to 44. B) 45 to 54. C) 55 to 64. D) 65 and over.
Economics
How is positive economics different from normative economics?
Economics
One of the initial problems facing the newly elected President Clinton was a large budget deficit
a. True b. False Indicate whether the statement is true or false
Economics