A. 25
B. 50
C. 75
D. 100
A. resource scarcity
B. low levels of investment
C. low population
D. poor infrastructure
E. poor human capital
A. marginal cost is set equal to marginal revenue
B. price is less than marginal cost
C. marginal consumer benefit is less than marginal revenue
D. there is too little output at too high a cost
A. India
B. Argentina
C. United State
D. China
A. a period where the law of diminishing returns does not hold.
B. at least one fixed factor of production and firms neither leaving nor entering the industry
C. all inputs being variable
D. no variable inputs – that is all of the factors of production are fixed
A. below the price because the price effect outweighs the output effect
B. above the price because the output effect outweighs the price effect
C. above the price because the price effect outweighs the output effect
D. below the price because the output effect outweighs the price effect
A. investment loans, and grants from overseas minus international resource outflows
B. net international resource flows minus net international interest payments and profit remittances
C. international resource outflows minus international balance of payments and profit remittances
D. foreign direct investment inflow minus investment loans and grants from overseas