Which of the following is most important if a country wants to move from a low-income to a high-income status?
What will be an ideal response?
sustained economic growth
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Explain the optimal strategy that a price discriminating firm would use when pricing in markets with different elasticities
What will be an ideal response?
Which type of resource will improve through more education and training by workers?
A) money B) physical capital C) natural resources D) human capital
A labor union is a group of
a. employees who join together to improve their working conditions b. firms that join together to hire workers c. firms that work together to negotiate better prices in the market d. farmers who work together to receive better prices for their agricultural products e. workers and firm owners who join together to improve working conditions
A bank run involves a large inflow of money into commercial banks
a. True b. False Indicate whether the statement is true or false