Owners of small firms in countries with weak banking systems have to rely on funds from all of the following EXCEPT:
A) their own savings
B) local lenders who charge high interest rates
C) global investors
D) the savings of relatives and friends
C
Economics
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The production possibilities frontier slopes downward and to the right because of limited resources
a. True b. False Indicate whether the statement is true or false
Economics
The Tragedy of the Commons occurs because
a. common resources are rival in consumption. b. government does not efficiently allocate society's scarce resources. c. people consider the value of resources in the future more than in the present. d. markets do not account for the presence of property rights.
Economics