Peruvian economist Hernando de Soto claims the ___________ in Latin America results in "dead capital."
A. weak titling system
B. strong titling system
C. general lack of strong national defense
D. generally weak currencies
A. weak titling system
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According to Classical interest rate theory, which of the following will decrease the equilibrium real interest rate?
A) A decrease in investment B) A decrease in saving C) An increase in money demand D) A decrease in money demand
Suppose the equilibrium price for pizza is $5 . If the government sets price at $4, the result would be
a. a shortage because at $4, the quantity demanded would exceed the quantity supplied b. a surplus because at $4, the quantity demanded would be less than the quantity supplied c. that the market would remain in equilibrium, but with a larger quantity bought and sold at $5 d. that at $4, the quantity sold would be greater than the quantity bought e. that at the equilibrium price of $5, fewer units would be sold