Which of the following is not a characteristic of most less-developed countries?
a. low per capita income
b. political instability
c. a high percentage of the population under the age of 15
d. inadequate infrastructure
e. high productivity
E
Economics
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Refer to the above table. Suppose the U.S. government (but not Europe) offers a $10 million subsidy?
What will be an ideal response?
Economics
Officers of five large building-materials companies meet and agree than none of them will submit bids on government contracts lower than an agreed-upon level. This is an example of:
a. price fixing. b. vertical restriction. c. a tying contract. d. an interlocking directorate.
Economics