Which of the following is most likely to prevent a poor country from developing?
What will be an ideal response?
Lack of property rights/rule of law
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Which of the following is NOT a characteristic of a private good?
a. rivalry in consumption b. benefits of consumption are nonexcludable c. consumption of the good precludes consumption by another individual d. the benefits to a consumer of consuming the good are exclusive to that individual
When someone sells a bond at a discount, the holder of the bond earns ________ with the purchase
A) a capital gain B) a capital loss C) market value D) interest
Figure 8-5
In Figure 8-5, profits are maximized at output of
A. 10 B. 35 C. 50 D. 60
"Do not put all your eggs in one basket" is an advice that seeks to reduce:
A. Idiosyncratic risk B. Non-diversifiable risk C. Systemic risk D. Market risk