If orange juice prices fall by 25 percent next year, there will be a

A. rightward shift in the demand for pineapple juice.
B. rightward shift in the supply of pineapple juice.
C. leftward shift in the supply of pineapple juice.
D. leftward shift in the demand for pineapple juice.

Answer: D

Economics

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Country A has twice as many workers as Country B. Country A also has twice as much physical capital, twice as much human capital, and access to twice as many natural resources as Country B. Assuming constant-returns to scale, which of the following is higher in Country A?

a. both output per worker and productivity b. output per worker but not productivity c. productivity but not output per worker d. neither productivity nor output per worker

Economics

Why are the public sector and private sectors “imperfect institutions”?

Please provide the best answer for the statement.

Economics