21 DAY CHALLENGE-DAY 5

For most people, the largest portion of their personal income comes from:  A. Wages and salaries from their jobs.
B. Interest from stocks and bonds they own.
C. Rent paid to them from property they own.
D. Don't Know.

email your answer with the subject line 21 DAY CHALLENGE-DAY 5 TO profKMody@gmail.com

21 DAY CHALLENGE - DAY 4

A large increase in the number of fast-food restaurants in a community is most likely to result in:
A. Lower prices and higher quality.
B. Lower prices and lower quality.
C. Higher prices and higher quality.
D. Don't Know

email your answer with the subject line 21 DAY CHALLENGE-DAY 4 TO profKMody@gmail.com

21 DAY CHALLENGE - DAY 3

Who wrote "An Inquiry into the Nature and Causes of the Wealth of Nations"?

A.  David Ricardo

B. Jean-Baptiste Colbert

C. Adam Smith

D. Thomas Malthus

email your answer with the subject line 21 DAY CHALLENGE-DAY 3 TO profKMody@gmail.com

21 DAY CHALLENGE - DAY 2

Why do professional sports players generally earn more than farmers and steelworkers?

A. Team owners are monopolists.

B. Sports players are really entertainers rather than producers.

C. There are fewer professional sports players than farmers or steelworkers. 

D. Good sports players are more scarce, given the demand for their services.

email your answer with the subject line 21 DAY CHALLENGE-DAY 2 TO profKMody@gmail.com

21 DAY CHALLENGE - DAY 1

What is the most important task of all economies?

A. To balance imports and exports.

B. To balance the government's budget.

C. To make the best use of scarce resources.

D. To save money to reduce the national debt.

email your answer with the subject line 21 DAY CHALLENGE-DAY 1 TO profKMody@gmail.com

WELCOME TO THE 21 DAY CHALLENGE

EACH DAY SIGN IN TO THE BLOG AND ATTEMPT THE QUESTION POSTED THERE.

EMAIL YOUR ANSWERS TO profKMody@gmail.com WITH YOUR NAMES AND ROLL NUMBERS. ALL THE BEST......:)

The BRICS Bank: Let's read a little more ;)

The BRICS Bank: Now Comes the Hard Part - Carnegie Endowment for International Peace