Why are private enterprises more efficient than government enterprises?
What will be an ideal response?
Private enterprises are more efficient than government enterprises because government enterprises are often slow to react to market changes and to adopt new technologies.
Economics
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Why must total income be identical to the dollar value of total output?
What will be an ideal response?
Economics
When the real exchange rate rises
A) imports measured in terms of domestic output will rise. B) imports measured in terms of domestic output will fall. C) imports measured in terms of domestic output will never be affected. D) imports measured in terms of domestic output may rise or fall. E) imports measured in terms of foreign output will rise.
Economics