Empirical studies show that countries with low standards are very successful at attracting foreign investment
Indicate whether the statement is true or false
FALSE
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Resources are
a. scarce for households but plentiful for economies. b. plentiful for households but scarce for economies. c. scarce for households and scarce for economies. d. plentiful for households and plentiful for economies.
Which person is most likely to be poor? A person who is
A. over 65 years of age. B. black. C. white and under 6 years of age. D. living in a female-heading family with children under 18.
Which of the following happens during an economic recession?
a. At E1, RGDP is below potential GDP. b. At E1, RGDP is above potential GDP. c. At E1, RGDP is equal to potential GDP. d. At E1, RGDP fluctuates with potential GDP.
A food company trying to increase its profits by expanding in to the soft drinks business is an example of
a. Economies of scale b. Economies of Scope c. Diseconomies of Scale d. Diseconomies of Scope