For a low-income country to develop into a high-income country, ____ is (are) needed

a. a sustained and rapid expansion in the money supply
b. sustained economic growth
c. tax breaks on consumption goods
d. deflation

b

Economics

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Explain the process by which a private subsidy corrects an external benefit

What will be an ideal response?

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The rental price of capital is the price a person pays to own the capital indefinitely

a. True b. False Indicate whether the statement is true or false

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