Development economists suggest that the best strategy for the poorest DVCs to break out of their poverty is to implement policies that boost their:
A. Population growth for a greater labor supply
B. Output and slow down their population growth
C. Birth rates to expand their available resources
D. Mortality rates to slow down their population growth
B. Output and slow down their population growth
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Individuals, firms, and nations should specialize in those activities which have the highest marginal cost
a. True b. False Indicate whether the statement is true or false
Which of the following is the correct way to compute the future value of $X that earns r percent interest for N years?
a. $X(1 + rN)N b. $X(1 + r)N c. $X(1 + rN) d. $X(1 + r/N)N
"As output of one good expands, the opportunity cost of producing additional units of this good increases," is the law of _____________.
Fill in the blank(s) with the appropriate word(s).
When banks allow people to make purchases by using a credit card or writing a check, they are providing ______.
a. a dividend b. a medium of exchange c. diversification d. double taxation