Economic development around the globe will be affected by how society nurtures incentives to create new
a. ideas
b. inventions
c. only ideas and inventions
d. only ideas and artistic creations
e. ideas, inventions, and artistic creations
E
Economics
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In a one-period economy, all of the following are equivalent expressions of the budget constraint except
A) C = w(NS + l) + ? - T. B) C = wNS + ? - T. C) C = w(h - l) + ? - T. D) C = wl = wh + ? - T.
Economics
The form of property ownership rights inherited from the colonial period was characterized by which of the following?
(a) Property ownership was almost ideal as the base for a free-market economy. (b) Property ownership established property, including land, as a "commodity" that could be easily bought and sold. (c) Property ownership proved to be an excellent vehicle for economic growth. (d) All of the above.
Economics