Author Question: Which of the following is correct? a. Economic development is more quantitative than economic ... (Read 39 times)

shenderson6 · **on:** Jun 30, 2018

Which of the following is correct?
a. Economic development is more quantitative than economic growth.
b. A country cannot achieve economic growth with a limited base of natural resources.
c. Infrastructure is capital provided by the private sector.
d. All of the above are true.
e. All of the above are false.

Question 2

An aggregate supply curve with a positive slope is associated with an economy in which:
a. input prices and final goods prices always change by the same amount.
b. firms expect output prices to be unaffected by changes in input prices.
c. nominal wages and salaries do not change much in the short run.
d. firms expect consumer demand to be unaffected by changes in prices of final goods.