Table 17.1 YearReal GDPPopulation1$575 billion22 million2$580 billion24 million3$605 billion25 million4$606 billion27 millionRefer to Table 17.1. This economy grew
A. Fastest in year 4.
B. At the same rate every year.
C. Fastest in year 3.
D. Fastest in year 2.
Answer: C
Economics
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Automobile insurance companies insure both safe and unsafe drivers. Ideally they would like to be able to charge different premiums to each to reflect the cost differences in insuring both types of drivers
What type of economic problem is this and how might insurance companies deal with it?
Economics
Barriers to entry into a market could include all of the following, except one. Which is the exception?
a. government restrictions b. brand loyalty c. large marginal costs d. licensing fees e. large fixed costs
Economics