If a nation is going to achieve its full potential, it must have
What will be an ideal response?
a mechanism to attract savings and channel them into productive investment projects.
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The gross domestic product of a country is $500,000. If its income per worker of the population is $100, the size of its employed labor force is ________
A) 5,000 B) 200 C) 8,000 D) 2,500
The concept that explains firms possessing different bundles of resources is
a. Resource heterogeneity b. Resource immobility c. Barriers to entry d. imitability
What are the sources of government failure?
At two points on an indifference curve,
a. the bundles of goods yield the consumer the same satisfaction. b. the consumer has the same income. c. the bundles of goods cost the consumer the same amount. d. the consumer has the same marginal rate of substitution.