In his book The Other Path, de Soto suggests that countries will grow more quickly if governments limit entrepreneurship.
Answer the following statement true (T) or false (F)
False
De Soto concluded that countries could grow more quickly if governments encouraged rather than suppressed entrepreneurial resources. In his best-selling book, The Other Path, he urged poor countries to refocus their development policies. This 'other path' entails improving the business climate by reducing bureaucratic barriers to free enterprise, spreading private ownership, developing and enforcing legal safeguards for property, income, and wealth, and developing infrastructure that facilitates business activity.
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Suppose the current equilibrium wage rate for lifeguards in Houston is $7.85 an hour. A minimum wage law that creates a price floor of $8.50 an hour leads to
A) a surplus of lifeguards in Houston. B) a shortage of lifeguards in Houston. C) no changes in the lifeguard market. D) a change in the quantity of lifeguards supplied but no change in the quantity of lifeguards demanded. E) an increase in the number of lifeguards employed.
The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 400, where W is the annual wage of a coal miner and Q is the number of people who would accept employment as a coal miner. What is the coal mine's marginal expenditure when it hires 150 coal miners?
A. $35,000 B. $20,000 C. $10,000 D. $5,000
Proven oil reserves in the world amount to
A. 1,653 million barrels. B. 1,653 barrels. C. 1,653 trillion barrels. D. 1,653 billion barrels.
In the equation 
is the _____.
A. dependent variable B. independent variable C. slope parameter D. intercept parameter