Define social overhead capital
What will be an ideal response?
Social overhead capital includes basic infrastructure projects such as roads, power generation, and irrigation systems.
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The relationship between changes in income and purchase of a good indicates
a. whether the good is a luxury or necessity. b. whether the good is normal or inferior. c. whether the good is a complement or substitute. d. Both a and b.
If your company opens and operates a branch in a foreign country, your company engages in foreign direct investment
a. True b. False Indicate whether the statement is true or false
Refer to the accompanying table. ________ has the comparative advantage in making pizza, and ________ has the comparative advantage in delivering pizza. Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. Pat; Corey B. Pat; Pat C. Corey; Pat D. Corey; Corey
A nation's real GDP was $250 billion in 2014 and $265 billion in 2015. Its population was 120 million in 2014 and 125 million in 2015. What is its real GDP per capita in 2015?
A. $2,120 per person B. $212 per person C. $205 per person D. $21,200 per person