Refer to the given information. In Singsong the domestic real cost of each chicken:
Answer the question on the basis of the following information about the cost ratios for two
products—fish (F) and chicken (C)—in countries Singsong and Harmony. Assume that
production occurs under conditions of constant costs and these are the only two nations in the
world.
Singsong: 1F = 2C
Harmony: 1F = 4C
A. is ½ fish.
B. is 2 fish.
C. increases with the level of fish caught.
D. decreases with the level of fish caught.
A. is ½ fish.
Economics
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The total amount spent on new capital in a time period is equal to
A) wealth. B) gross investment. C) depreciation. D) net investment.
Economics
Why might the use of more advanced technology not be a sufficient condition for sustained economic growth?
What will be an ideal response?
Economics