Which is true to promote economic growth?
a. govts should encourage a relaxation of the child labor laws, to allow younger children to leave school by age 12 in order to work and earn income
b. The US govt should often lower taxes on foreign firms who want to locate plants in the US
c. Govts should encourage women to have 5 or more babies to foster economic growth
d. all
Ans: b. The US govt should often lower taxes on foreign firms who want to locate plants in the US
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Why do a significant number of economists object to the world's current financial system?
a. They believe it can lead to an unstoppable global financial crash. b. They believe it isn't fair to highly developed nations. c. They believe it leaves too much room for fraud and corruption. d. They believe it is biased toward support of the American economy.
How do we calculate average fixed cost and why does average fixed cost fall as output increases?
What will be an ideal response?