Effective, stable leadership is essential to:
A. discourage foreign direct investment from taking hold in a country.
B. increasing population size.
C. increasing human capital.
D. economic growth.
Answer: D
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A firm must devote people, time, and money to designing a new product. Because any firm has only limited resources, it
A) faces a trade-off, because resources used to develop one product will not be available to develop another product. B) should wait until its competitors develop a similar product before deciding on devoting resources to its own product development. C) is not able to develop more than one new product at a time. D) must be certain that the product it chooses to develop will be successful or it will not be able to stay in business.
Unemployment caused by a contraction in the economy is called: a. frictional unemployment. b. cyclical unemployment
c. structural unemployment. d. seasonal unemployment.