What Is the Next Term of the Sequence? ​ 54

question 64

Multiple Choice

What is the next term of the sequence? ​ 54, 48, 42, 36, 30, ...... ​

• A) 18
• B) 24
• C) 6
• D) 29
• E) 22

Grasp the significance of testing economic theories with data (empirical economics).

Understand the role of equity concerns in economic policy arguments.

Recognize the characteristics of efficient markets.

Understand the defining characteristics of small businesses and their importance in the economy.

---

Definitions:

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than others, leading to more efficient global production and trade.

Dumping

The practice of selling a product in a foreign market at a price lower than its domestic market or below its cost of production, often to increase market share or eliminate surplus.

Per Capita GDP

is a measure of the economic output of a country divided by its population, providing an average economic welfare indicator.

Trade Barriers

Measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.