The process of turning a government enterprise into a private enterprise is:
A. marketization.
B. entrepreneurship.
C. nationalization.
D. privatization.
Answer: D
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Which of the following would contribute to a sustained high rate of economic growth in the long run in an economy?
A) an influx of immigrant labor into an economy without any accompanying technological change B) a shift of workers in the economy from the agricultural sector to the nonagricultural sector C) increases in labor force participation rates as workers who are out of the labor force pursue rising wages D) growth in capital per hour worked accompanied by technological change
Price leadership is a method by which oligopolies can
A. Encourage competition. B. Illegally raise prices. C. Maintain the "kink" in their demand curves. D. Increase prices without explicit price-fixing.
The marginal product of labor is the additional revenue a firm earns by employing one additional unit of labor.
Answer the following statement true (T) or false (F)
A World bank study conducted in Kenya found that as the proportion of vaccinated people in a village grew, more people wanted to get vaccinated.
Answer the following statement true (T) or false (F)