What is a necessary condition for sustainable economic growth?
A) Low cost systems of transportation and communication
B) Careful economic planning
C) Very high interest rates that encourage household saving
D) Government monitoring and manipulation of aggregate investment
E) All of the above.
A
Economics
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Suppose the Chinese government regulates the price of food and forbids firms from setting a higher price. In this case the government is setting a
A) price floor. B) price ceiling. C) quota. D) tax.
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Victor currently produces nuts and bolts at point a in the figure. Victor's marginal cost of producing an additional nut is ________
A) 1 bolt per nut B) 1/2 bolt per nut C) 8/6 bolts per nut D) 8 bolts per nut
Economics