In the modern world, many developing countries have agricultural economies where the amount of land and other resources is limited. Under these circumstances, rapid population growth ______.
a. should lead to steady economic growth
b. leads to innovation and higher standards of living
c. threatens sustained economic growth
d. discourages nations from adopting free trade
c. threatens sustained economic growth
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A funded pension plan _____
a. pays current beneficiaries from the contributions of current contributors b. pays current beneficiaries from the contributions of new contributors c. maintains assets equal to the present value of future liabilities d. is functionally equivalent to a pay-as-you-go system, except for the pension plan is not compulsory
Entrepreneurs can delegate every one of the following tasks to labor except
a. hiring and training new employees b. assuming business risk and uncertainty c. supervision of the production process d. researching ideas for new products e. marketing the goods and services produced