Tom?s Donuts can invest in a new espresso machine that costs $500 and will yield expected profits of $350 each year for two years. At higher interest rates, the present discounted value of profits from the investment

If an economy is producing a combination of goods that places it on the production possibilities curve, then it has:

A) economic growth. B) full employment. C) inefficiency. D) idle factors of production.

It is important to place particular stress on the role of primary education in the development strategy because of

(a) LDC's comparative advantage from basic skills education. (b) the law of diminishing returns. (c) development emphasis on poverty alleviation. (d) all of the above.