The number of persons who could become lawyers or surgeons is potentially quite large, yet these two groups earn fairly high incomes. One of the main reasons why they do is the
a. return on the investment of many years of training.
b. evening-out of their low income during schooling.
c. rent on their unique and rare talents.
d. scarcity value of their abilities.
a
Economics
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_____ is an important determinant of its standard of living in the long run
a. A nation's net exports b. The productivity of a nation's resources c. A nation's population growth rate d. The deficit in a nation's capital account e. The deficit in a nation's current account
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The First World is made up of communist nations
a. True b. False Indicate whether the statement is true or false
Economics