Describe several components of the institutional environment in the high-growth Asian economies that are critical to their success
What will be an ideal response?
Property rights are secure, bureaucracies are competent, contracts are enforceable, access to information is widespread, and regulations are clear and well publicized.
Economics
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Based on the figure above, as a result of international trade, consumer surplus
A) increases by $150 million. B) decreases by $150 million. C) increases by $90 million. D) decreases by $90 million. E) remains unchanged.
Economics
A demand curve that is horizontal indicates that the commodity
A) has few substitutes. B) must be very cheap. C) has a large number of substitutes. D) is a necessity.
Economics