What will happen if an economy transforms from being extractive to being inclusive?
A) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will increase.
B) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will decrease.
C) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will increase.
D) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will decrease.
D
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Suppose you were interested in increasing technological progress in your country. Suggest some ways to do it
What will be an ideal response?
Monopolistically competitive firms face downward-sloping residual demand curves because these firms
A) have relatively few rivals (compared to competition). B) sell differentiated products. C) A and/or B. D) None of the above.