A key reason why some countries are growing very slowly is
A) they lack economic freedom.
B) there is too much competition within their economies.
C) they lack a democratic government.
D) they are too poor, so there is no saving.
E) their inflation rate is too high.
Question 2
The opportunity cost of producing one more unit of a good is calculated by dividing the
A) total quantity of the other good by the total quantity of the good whose opportunity cost we're calculating.
B) decrease in the quantity of the other good by the increase in the quantity of the good whose opportunity cost we're calculating.
C) price of the good whose opportunity cost we are calculating by the number of units of the other good that are forgone.
D) total quantity of that good by the total quantity of other good.
E) increase in the quantity of that good by the decrease in the quantity of other good.
Indicators of Relative Economic Well-Being
Economic and Social Development
Many countries do not produce enough food and need to import food from the United States
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economic question
economic question