Generally speaking, countries that grow faster tend to

a.

have about the same level of economic freedom as countries that grow slower.

b.

have greater economic freedom, as measured by the economic freedom of the world index.

c.

have less economic freedom, as measured by the economic freedom of the world index.

d.

revert back to slower economic growth as population grows.

Your take on decision making process

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?