Most successful examples of modern economic growth have occurred in a country with
a. a temperate-zone climate.
b. a market economy.
c. exports of manufactured goods.
d. all of the above.
D
Economics
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A consumer's budget line will rotate outward along the horizontal axis if:
a. the price of the good on the horizontal axis decreases. b. the price of the good on the vertical axis increases. c. the price of the good on the horizontal axis increases. d. the consumer's income decreases.
Economics
"The government should levy higher taxes on the rich and use the additional revenues to provide better housing for the poor." This statement illustrates: a. the fallacy of composition
b. the basic principle of economics. c. a normative economic statement. d. a positive economic statement.
Economics