The ________ capital in developing nations causes labor productivity to remain low.
A. reassignment of
B. lack of
C. increase in privately controlled
D. subsidized
Answer: B
Economics
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Which of the following is false? a. The nature of public goods is such that the government cannot accurately assess the benefits of those affected. b. National defense and flood control are illustrations of public goods
c. Just as in the case of external costs, public goods tend to be underprovided by the private sector. d. All of the above are true.
Economics
The following diagram shows the market demand schedule for a good. When the price of the good is P, the shaded area represents:
a. ?consumer surplus. b. ?marginal utility of the good. c. ?shortage. d. ?marginal valuation of the good. e. ?price floor.
Economics