The Latin American region has more economic equality than the high-growth Asian economies because nations are more democratic

In the short run, a firm that is operating at a loss has two options. These options are

A) to go out of business or declare bankruptcy. B) to reduce output or reduce its variable costs. C) to shut down temporarily or continue to produce. D) to adopt new technology or change the size of its physical plant.

The United States has the most progressive income tax system among the industrialized countries

a. True b. False