Which of the following are not reasons for the low productivity in developing countries?
a. Few natural resources
b. Developed capital infrastructure
c. Poor financial system
d. Inefficient use of labor
b
Economics
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In the above figure, what price will a single-price monopoly set?
A) P1 B) P2 C) P4 D) P5
Economics
Refer to Figure 6-4. Which of the following statements about price elasticity of demand is true?
A) The inelastic portion of the demand curve corresponds to the segment above the midpoint. B) At the midpoint of the demand curve, the elasticity coefficient is zero. C) The elastic portion of a straight-line, downward-sloping demand curve corresponds to the segment above the midpoint. D) The elasticity coefficient is constant along the demand curve.
Economics