Foreign investment can give a low-income country
A) no hope to break the vicious cycle of poverty.
B) a path to dependency and low growth.
C) access to funds for investment and access to technology.
D) the means to slow down growth.
C
Economics
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The monopolist's marginal revenue curve is downward sloping because:
a. the monopolist must lower its price in order to sell more. b. it operates in the range where ATC is downward sloping. c. it operates in the range where MC is downward sloping. d. its total revenue declines as it sells more.
Economics
A market with one or a small number of firms but no barriers to entry is known as
A) a natural monopoly. B) a contestable market. C) a perfectly competitive market. D) monopolistic competition.
Economics