One factors that limits a poor nation's economic growth is
A. insufficient labor.
B. increased urbanization.
C. an overabundance of capital formation.
D. lack of entrepreneurial ability.
Answer: D
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If the expected inflation rate rises, then the short-run Phillips curve ________ and the long-run Phillips curve ________
A) does not shift; shifts B) does not shift; does not shift C) shifts; does not shift D) shifts; shifts E) might shift; shifts only if the short-run Phillips curve shifts
In the DMP model, an increase in the unemployment insurance benefit does not, under any circumstances
A) increase the vacancy rate. B) increase the unemployment rate. C) reduce labor market tightness. D) reduce the size of the labor force.
A failure of the pricing system has led to pollution
a. True b. False Indicate whether the statement is true or false
Suppose a monopolist's marginal revenue equals marginal cost at an output of 100 . If price is $250, and average cost is $50 at this output, compute the monopolist's profit?
a. Profit = $250 b. Profit = $150 c. Profit = $15,000 d. Profit = $20,000