More consumption rather than investment leads to stagnant growth in developing countries.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Production indifference curves show the combination of inputs that produce a given output
a. True b. False Indicate whether the statement is true or false
Farouk owns a family portrait studio. Three months ago, he spent $2,000 on a new Wizard-brand camera, with the expectation that it would make his photo shoots go faster and enable him to serve more customers. However, the Wizard camera has proven to be so difficult to use that it is slowing him down and costing him business. Farouk is now trying to decide if he should purchase a Sorceress-brand camera to replace the Wizard camera. In this scenario, what is Farouk’s sunk cost?
a. the business Farouk lost because of his new camera b. the price of the Sorceress camera c. the price of the Wizard camera d. the time it would take Farouk to master the Wizard camera
Sellers in a monopolistically competitive market may be regarded as “monopolists” of their ______.
a. average costs b. advertising c. trade networks d. own brands
The first commercial introduction of transparent tape is an example of:
A. innovation. B. invention. C. creative destruction. D. diffusion.