Unlike colonial America, there are no government restrictions on business activities and practices today
Indicate whether the statement is true or false
False
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What do you think would be the Cobb-Douglas single best prescription for poor countries to catch up with the rich?
A) to increase their stock of capital B) to increase their labor force C) to find more efficient ways to allocate and use capital and labor D) to ask help of the rich countries E) none of the above
Explain how the decrease in the birthrate may lower economic growth
Please provide the best answer for the statement.
Economic growth can be drawn in a diagram by
A. shifting the production possibilities curve out. B. shifting the production possibilities curve in. C. making the production possibilities curve more bowed out. D. making the production possibilities curve less bowed out.
To estimate the value of a statistical life, economists sometimes ask people how much they would be willing to pay to reduce their risk of death by a small amount. This method of determining the value of a statistical life is known as
A. stated preference. B. the survey method. C. revealed preference. D. the actuarial method.