Author Question: What are some of the main ways in which the economies of developing countries differ from one ... (Read 115 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?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

For a complete list of videos, visit our video library