As compared to production alternative D, the choice of alternative C would:
What will be an ideal response?
Tend to generate a more rapid growth rate
A B C D E F
Capital Goods 5 4 3 2 1 0
Consumer Goods 0 5 9 12 14 15
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One important role for government as referee is in defining and enforcing property rights.
Answer the following statement true (T) or false (F)
A debit entry in the balance of payments system could be from which of the following?
A) a payment from abroad received by a domestic resident. B) a payment made while abroad by a domestic resident. C) a decrease in the current account deficit. D) an increase to the capital account surplus.
Empirical evidence suggests that usury laws
A) help poor consumers by lowering the interest rate they pay. B) hurt poor consumers by limiting their ability to borrow. C) keep interest rates low. D) limit the amount borrowed by wealthier consumers.
Explain how a firm's cost curves and optimal rate of output are affected by (a) property taxes; (b) payroll taxes; and (c) taxes on profits.
What will be an ideal response?