An important reason for the Industrial Revolution to have started in Britain is that:
A) there were high entry barriers in British markets.
B) Britain had a patent system.
C) entrepreneurship was discouraged in Britain.
D) Britain had extractive institutions.
B
Economics
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Successful price discrimination cannot take place if
A) customers are not able to resell the product. B) the market is perfectly competitive. C) the demand curve facing the firm is downward sloping. D) the market can be segmented into different buyer groups.
Economics
In the United States, the death rate has been decreasing for a number of reasons. According to the book which is not a reason
a. Decrease in infant mortality b. Increase in life expectancy c. Out migration d. Declining rates of heart disease
Economics