Dead capital is most likely to exist when
A) there are restrictions on imports.
B) residents of a country face barriers to establishing legal ownership of resources.
C) property rights are well-defined.
D) there are restrictions on exports.
B
Economics
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The marginal cost of pollution abatement is graphically illustrated by
A) an upward sloping curve. B) a downward sloping curve. C) a horizontal curve. D) a vertical curve.
Economics
When the wage falls:
A. all workers will work more hours. B. all workers will work fewer hours. C. some workers will work more hours and some workers will work fewer hours, but on average, hours worked will fall. D. some workers will work more hours and some workers will work fewer hours, but we don't know whether average hours will increase or decrease.
Economics