The above figures show the market for HD televisions. If people's incomes increase and HD televisions are a normal good, which figure shows the effect of this change?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) None of the figures represent this change.
A
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Political instability is an impediment to development mainly because it:
A. undermines both domestic and foreign investment in a developing country. B. creates cultural and social differences among groups in developing countries. C. produces excessive levels of domestic saving. D. redistributes income.
Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year. Country B has 400 workers. Two possible consumption bundles that Country B could produce are:
A. (3,600 bananas, 1,200 tomatoes) and (1,800 bananas, 1,600 tomatoes) B. (7,200 bananas, 2,400 tomatoes) and (3,600 bananas, 1,200 tomatoes) C. (1,800 bananas, 1,800 tomatoes) and (900 bananas, 2,200 tomatoes) D. (7,200 bananas, 0 tomatoes) and (4,000 bananas, 1,200 tomatoes)