Which of the following institutional changes contributed to the high rate of development in European and North American countries?
a. An increase in government intervention in production and consumption of goods and services through taxes and subsisidies
b. An increase in governments' support to monopolistic firms and businesses
c. An increase in government ownership of resources
d. Stricter enforcement of private property rights
d. Stricter enforcement of private property rights
Economics
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Why is GDP overstated in terms of the environment?
What will be an ideal response?
Economics
In the derivation of AVC, to find its minimum, you need
A. The flattest slope on the TC. B. the minimum-slope ray out of the origin to the A. C. the minimum-slope ray out of the origin to the TVC. D. the minimum-slope ray out of the origin to the TC.
Economics