Refer to the scenario above. If this game is repeated several times, Beth will ________ and Charles will ________

Trends in economic growth of South Korea have been significantly different from the trends in economic growth of North Korea. This is primarily because

A) North Korea has inclusive institutions while South Korea has extractive institutions. B) quality of agricultural land is better in North Korea than in South Korea. C) quality of agricultural land is better in South Korea than in North Korea. D) South Korea has inclusive institutions while North Korea has extractive institutions.

If consumers are less willing and able to pay for each level of output than they were previously, then apparently: a. demand has increased

b. supply has increased. c. demand has decreased. d. there has been a movement down along the demand curve.