"Countries are poor because they cannot afford to save and invest" is called the:
a. vicious circle of poverty. b. savings-investment trap.
c. LDC trap. d. cycle of insufficient credit.
a
Economics
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Explain why the price elasticity of demand changes along a linear demand curve
What will be an ideal response?
Economics
The marginal factor cost is the
A) additional revenue obtained from a one-unit change in labor input. B) additional revenue obtained from a one-unit change in output. C) change in output resulting from the addition of one more worker. D) cost of using an additional unit of an input.
Economics