Which of the following is NOT counted as an economic resource?
a. Money supply.
b. Physical labor.
c. Mental abilities of labor.
d. Land.
e. All of the above are included.
.A
Economics
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In a problem involving exchange, the contract curve shows
A) all exchanges that make both parties better off. B) the one exchange that makes both parties better off. C) all possible allocations of goods between both parties. D) all possible efficient allocations between both parties.
Economics
For a low-income country to develop into a high-income country, ____ is (are) needed
a. a sustained and rapid expansion in the money supply b. sustained economic growth c. tax breaks on consumption goods d. deflation
Economics