A. a decrease in supply.
B. a rise in income
C. a fall in the number of substitute goods
D. a rise in the price of inputs
A. At their lowest points
B. When they are declining
C. When they are increasing
D. When marginal revenue is zero
A. monopoly
B. entropy
C. industry
D. cartel
A. One-half ton of steel
B. One ton of steel
C. Two tons of steel
D. Two and one-half tons of steel
A. Money multiplier
B. liquidity ratio
C. bank’s line of credit
D. required reserve ratio
A. Milton Friedman
B. Adam smith
C. Alfred Marshal
D. Karl Marx
A. Most LDCs have less than 1/10 the per capita GNP of the U.S
B. A greater of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S
C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible
D. Most LDCs have a greater shortage of qualified teachers than the U.S does