Which of the following is a determinant of supply?
A. Number of buyers.
B. The prices of the factors of production.
C. Consumers' income.
D. Consumer tastes or preferences.
Answer: B
Economics
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Which U.S. President was in office for most of World War II?
a. Herbert Hoover b. Abraham Lincoln c. Franklin D. Roosevelt d. Lyndon Johnson e. Dwight Eisenhower
Economics
The experience of the former Soviet bloc countries illustrates that high rates of investment may fail to promote rapid economic growth when a country
a. uses central government planning rather than capital markets to allocate investment funds. b. has a strong education system. c. has secure property rights. d. has a tax system that encourages savings.
Economics