Economic growth in Lillian’s country has been very slow. Which of the following offers the most likely explanation for this?
a. The population is increasing rapidly.
b. The standard of living is low.
c. Too much of the nation’s resources are being invested in technology.
d. People are saving too much of their income instead of consuming.
d. People are saving too much of their income instead of consuming.
Economics
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Which of the following types of business organization have limited liability? I. proprietorship II. partnership III. corporation
A) I, II only B) II, III only C) III only D) I, II, III
Economics
Suppose the cost curves in the above figure apply to all firms in the market. Then, if the initial price is P1, in the long run the market
A) demand will increase. B) demand will decrease. C) supply will increase. D) supply will decrease.
Economics