Suppose the lack of agricultural land is a key reason for the slow economic growth of Lithasia. This argument claims that:
A) geography is the fundamental cause of slow economic growth in Lithasia.
B) stock of physical capital is a fundamental cause of slow economic growth in Lithasia.
C) stock of human capital is a proximate cause for slow economic growth in Lithasia.
D) geography is a proximate cause of slow economic growth in Lithasia.
A
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One reason the demand curve slopes ________ is that as prices fall ________.
A. upward; fewer people find that the price is now less than their reservation price. B. downward; fewer people find that the price is now less than their reservation price. C. downward; more people find that the price is now less than their reservation price. D. upward; more people find that the price is now less than their reservation price.
The interest rate the Fed charges for secondary credit is:
A. above the primary discount rate. B. equal to the primary discount rate. C. below the market federal funds rate. D. below the primary discount rate.