Pure mercantile system is an economic system characterized by the private ownership of the resources
Indicate whether the statement is true or false
false
You might also like to view...
In an open economy, an increase in the government's budget deficit will ________ the domestic real interest rate and ________ the level of capital investment in the country, holding other factors constant.
A. decrease; decrease B. decrease; increase C. increase; increase D. increase; decrease
Including younger Americans from the age of _____, almost half of Americans report they currently use alcohol
a. 12 b. 14 c. 15 d. 18 e. 21
Warranties and guarantees can serve as a(n)
A) barrier to entry B) brand name C) incomplete contract D) source of competition
"If the amount of product differentiation in a monopolistically competitive industry is very small, the outcome in that market will not be very different than if it were a perfectly competitive industry." Explain.
What will be an ideal response?