Which of the following activities are production?
A) combining flour, milk, and eggs to make cookies
B) moving coal from southern Illinois to an electrical power plant in northern Illinois
C) taking ice cubes from a tray to put in a drink
D) All of the above are production.
D
Economics
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The only two ways of dealing with the principal agent problem are the use of long-term contracts and monitoring
Indicate whether the statement is true or false
Economics
Which of the following economic indicators is used by the World Bank to classify countries as industrial or emerging economies?
a. GDP b. Rate of inflation c. Net exports d. Per capita income e. Budget deficits
Economics