Which factors account for most of the growth in the HPAEs?
What will be an ideal response?
Capital formation, savings and investment
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Define gross investment and net investment. Discuss the relationship between gross investment and net investment
What will be an ideal response?
Any business wanting to attract financial capital must expect to
A) earn a positive economic profit. B) keep implicit costs as close to zero as possible. C) pay a normal rate of return. D) pay a below normal rate of return in order to make a positive rate of return itself.
(I) When individuals engage in a voluntary exchange, both parties are made better off. (II) By channeling goods and resources to those who value them most, trade creates value and increases the wealth created by a society's resources.
What will be an ideal response?
Scenario: Glocus Inc. a manufacturer of health and beauty aids, is expanding its presence in several countries around the world. Glocus' president is surprised at some of the responses the company is receiving from other countries. France gave Globus Inc. permission to export its product as long as the company obtained a special license first. Excelsior has been waiting six months for the license and is wondering if it will ever arrive. Globus Inc. is experiencing a(n) ________.
a. Administrative delay b. local content requirement c. embargo d. currency control