Poor countries grow faster than rich countries because of rapid growth in the labor force
a. True
b. False
Indicate whether the statement is true or false
False
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Explain the difference between financing investment with a business loan versus with venture capital. What are the pros and cons of each?
What will be an ideal response?
What method of inventory valuation should be used for economic decision-making problems?
a. book value b. original cost c. current replacement cost d. cost or market, whichever is lower e. historical cost
Revenue sharing is usually a means of
a. making states transfer money to the federal government. b. equalizing expenditures per pupil made by school districts. c. splitting the revenue earned from excise taxes between states and the federal government. d. making grants to state and local governments.
In the short run, if a firm does not produce any output then it does not incur any costs
a. true b. false