Which of the following factors will NOT increase economic development?
A) establishing a system of property rights
B) increasing the amount of protectionism
C) increasing the amount of education in the population
D) creative destruction where old jobs, companies and industries are destroyed
B
Economics
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Competition keeps prices lower for consumers. So why do we have patent laws?
What will be an ideal response?
Economics
Bonds with ________ tend to have lower interest rates than bonds with ________
A) high liquidity; low liquidity B) high default risk; low default risk C) longer maturity; shorter maturity D) high tax burdens on their interest; low tax burdens on their interest
Economics