Which institution is least likely to default on a bond?
A. Local government.
B. Small corporation.
C. U.S. federal government.
D. Large corporation.
C. U.S. federal government.
Economics
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A comparative advantage is the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person or nation
Indicate whether the statement is true or false
Economics
Entrepreneurs do all of the following EXCEPT
A) organize labor, land, and capital. B) come up with new ideas about what and how to produce. C) bear risk from business decisions. D) own all the other resources used in the production process.
Economics