A problem for developing countries is that the prices of primary products fluctuate more widely than do the prices of finished goods because
a. crop supply changes very little despite the weather
b. crop supply fluctuates with the weather
c. weather never varies
d. crops go in and out of fashion as new diets are developed
e. crop demand fluctuates with the weather
B
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Dead capital is most likely to exist when
A) there are restrictions on imports. B) residents of a country face barriers to establishing legal ownership of resources. C) property rights are well-defined. D) there are restrictions on exports.
The opportunity cost of producing a bicycle refers to
a. the out-of-pocket payments made to produce the bicycle. b. the value of the goods that were given up to produce the bicycle. c. the bicycle's retail price. d. the marginal cost of the last bicycle produced.
A move from S1 to S2 is a(n)
A. an increase in quantity supplied.
B. a decrease in quantity supplied.
C. an increase in supply.
D. a decrease in supply.
Katie had a before-tax income of $40,000 and paid taxes of $6,000 . Rinji had a before-tax income of $35,000 and paid taxes of $5,250 . Based on this information, the tax system is
a. There is insufficient information to answer the question. b. progressive c. based on the benefits received d. regressive e. proportional