Heartel was the only telecom service provider in Country A until the government decided to allow foreign telecom companies to provide their services in the country. Due to the impact of the new policy, the supply curve for telecom services from Heartel will:
a. become less elastic
b. become more elastic.
c. shift to the right.
d. shift to the left.
b
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In new growth theory, the source of economic growth is ______.
A. more leisure B. new and better jobs C. the persistent want for a higher standard of living D. an ever increasing growth rate of capital per hour of labor
Theory suggests that minimum-wage laws create ________ unemployment, especially among younger workers
A) frictional B) cyclical C) structural D) under-reported
A partnership is ________ type of business
A) the most profitable B) the most common C) the least risky D) the least common
If foreigners are restricted in their ability to buy investments in a country then that government is imposing:
A. controls on capital inflows. B. fixed exchange rates. C. controls on capital outflows. D. controls on both capital inflows and outflows.