A nation's producers can compete effectively with imports from other nations if it has

a. high wages
b. low wages
c. low labor cost per unit of output
d. less specialization
e. low labor productivity

C

Economics

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If an economy with extractive institutions allows for political creative destruction:

A) poverty in the economy is likely to increase. B) the growth rate of the economy is likely to decrease. C) new leaders are likely to replace old leaders. D) innovation in the economy is likely to decrease.

Economics

Intellectual property includes

a. all of the following b. literary, artistic and musical works, and scientific inventions c. computers, calculators, and word processors d. desks, bookshelves, and notebooks e. office space, computers, and telephones

Economics