Which of the following is NOT a contributing factor into why the HPAE were able to rapidly accumulate physical and human capital?
A) A stable macroeconomic environment meant low inflation
B) Loans from multilateral institutions such as the IMF, the World Bank, and regional development banks
C) The demographic transition meant that the proportion of their population working was higher.
D) A rapid rise in income made greater amounts of savings possible.
B
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Critically analyze the following and explain whether you agree or disagree: a. Janet knows a lot of people who do not like Marmite®, a yeast extract that is used as a spread on toast
She says that Marmite is so unpopular that Unilever, the company that manufactures Marmite®, cannot possibly have any monopoly power. b. Edgar says that a single firm in the wind power industry is unlikely to have a significant degree of monopoly power for an extended period of time. Since the cost of producing an additional unit of wind energy is so low, a large number of firms can enter the market and compete away economic profits.
The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for computers after technological advances in making computers occur?
A) Graph A B) Graph B C) Graph C D) Graph D
The price elasticity of demand for business travel tends to be greater than that of leisure travel.
Answer the following statement true (T) or false (F)
When the United States has a deficit on its current account, this means that
A. the dollar value of goods exported must exceed the dollar value of goods imported. B. in this year, Americans supplied more dollars than were demanded by foreigners for purchasing American goods and services and for interest and investment income. C. in this year, Americans supplied fewer dollars than were demanded by foreigners for purchasing American goods and services and for interest and investment income. D. the dollar value of goods imported must exceed the dollar value of goods exported.