Author Question: What are some of the main ways in which the economies of developing countries differ from one ... (Read 124 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
What are some of the main ways in which the economies of developing countries differ from one another?
 
  What will be an ideal response?

Question 2

The price reflecting the true social opportunity costs of a resource is known as
 
  (a) a shadow price.
  (b) an equilibrium price.
  (c) a world price.
  (d) a price index.



nyrave

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

See the Key Concepts above for a summary.

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

nyrave

  • Sr. Member
  • ****
  • Posts: 344

 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

For a complete list of videos, visit our video library