All of the following are preconditions for economic growth EXCEPT

i. property rights.
ii. democracy.
iii. free markets.
A) i only B) ii only C) iii only D) Both i and ii E) i, ii, and iii

B

Economics

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Marginal cost is defined as the increase in total cost resulting from an increase in:

a. one unit of output. b. output of 100 units. c. a firm's plant size. d. one unit of labor.

Economics

Which of the following is not correct?

a. The slope of a line will be a small positive number for a fairly flat upward-sloping line. b. The slope of a line will be a large positive number for a steep upward-sloping line. c. The slope of a line will be a negative number for a downward-sloping line. d. The slope of a line will be infinite for a horizontal line.

Economics