What is the main cause of the uneven distribution of economic growth seen around the world?
What will be an ideal response?
The main cause of the large differences in the per capital GDP levels of countries around the world is their different starting dates for modern economic growth.
Economics
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A negative externality occurs when
A) there is rent-seeking. B) benefits are imposed on individuals that are not part of a transactions. C) there is creative destruction. D) costs are imposed on individuals that are not part of a transaction.
Economics
One special feature about health-care services is that society regards them as:
A. Private goods B. An entitlement C. Something to be rationed by price and ability to pay D. Normal goods
Economics