List the three main sources of economic development
What will be an ideal response?
The three main sources of economic development are: capital formation, human resources and entrepreneurial ability, and social overhead capital.
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The more limited information, the _____ the new classical AS curve
a. flatter. b. steeper. c. horizontal. d. downward sloping. e. none of the above.
When supply and demand for a product increase simultaneously, we
A) can predict that both the market clearing price and the equilibrium quantity will increase. B) can predict that both the market clearing price and the equilibrium quantity will decrease. C) cannot predict the market clearing price, but know that the equilibrium quantity will increase. D) cannot predict the change in either the equilibrium quantity or the market clearing price.