Nations with slower growth rates can "catch up" to rapidly growing countries by
A) using budget deficits as a long-run policy tool.
B) adopting the technologies of the wealthier nations.
C) pressuring the central bank to increase the money supply and reduce interest rates.
D) raising the minimum wage.
E) exporting more than it imports.
B
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According to the book, the most likely time for women's friendships to fall off is between the ages of:
a. 15-20 b. 25-40 c. 45-50 d. 51-60
Which of the following markets impose deadweight losses on society? (i) perfect competition (ii) monopolistic competition (iii) monopoly
a. (i) and (ii) only b. (ii) and (iii) only c. (i) and (iii) only d. (i) only
The effect of a drought on the price of an agricultural product will be greater the more __________ the demand for the agricultural product
A) price inelastic B) price elastic C) income elastic D) a and c E) b and c
You paid $35 for a ticket (which is non-refundable) to see SPAM, a local rock band, in concert on Saturday. Assume that $35 is the most you would have been willing to pay for a ticket. Your boss called, and she is looking for someone to cover a shift on Saturday at the same time as the concert. You would have to work 4 hours and she would pay you $11/hr. The psychic cost to you of working is $2/hr. What is the opportunity cost of going to the concert?
A. $35 B. $1 C. $9 D. $36