The informal sector exhibits
(a) free entry
(b) labor intensive methods
(c) small, competitive firms
(d) all of the above
D
Economics
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Rationing when goods have suddenly become more scarce, by asking people to make sacrifices voluntarily for the sake of others, discriminates against people who are
A) considerate. B) poor. C) unethical. D) unwilling to sacrifice. E) wealthy.
Economics
Why are individual buyers and sellers in perfect competition called price takers?
What will be an ideal response?
Economics