Suppose an acre of land yields 100 bushels of corn and that one bushel of corn provides enough seed for one-quarter of an acre of land. The opportunity cost of consuming another 100 bushels of corn today is

Which of the following does not describe governmental policy actions that are helpful in supporting growth in an economy? Governmental policies that

A) avoid playing any role in developing communication systems. B) facilitate the development of an efficient financial system. C) provide secure rights to private property. D) establish an independent court system that enforces contracts.

In economics, technology only refers to the development of new products

Indicate whether the statement is true or false