Economic takeoff:
A. occurs when development becomes self-sustaining.
B. will eventually occur in all developing countries.
C. typically occurs in the absence of foreign investment.
D. has yet to occur in any developing country.
Answer: A
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How can the difference between the current unemployment rate and the natural rate of unemployment help explain changes in inflation?
What will be an ideal response?
When two people are on the contract curve, the allocation of goods
A) cannot be improved. B) is pareto efficient. C) is such that neither individual can be made better off without making the other worse off. D) All of the above.
In the context of decisionmaking, the word "marginal" is most closely associated with the word
a. "unimportant.". b. "slow.". c. "edge.". d. "irrational.".
Refer to the above table. If the price of a hamburger is $2, the price of a concert ticket is $60, and the consumer has $128, what is the consumer optimum?
A. 2 hamburgers and 2 concerts B. 3 hamburgers and 2 concerts C. 4 hamburgers and 2 concerts D. 2 hamburgers and 3 concerts