In which of the following would the richest tenth of the population be most likely to receive the highest percentage of the country's income?
A. Namibia.
B. The United States.
C. Japan.
D. The United Kingdom.
Answer: A
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What will be an ideal response?
Luke has lent his friend Mitch some money. However he underestimated the rate of inflation when they agreed to a repayment and interest schedule. Mitch will benefit from the inflation
a. True b. False Indicate whether the statement is true or false
When the long-run average total cost curve is increasing, this means that there are
a. economies of scale b. diseconomies of scale c. constant returns to scale d. diminishing returns e. some fixed factors of production
A partnership in which one or more persons act as general partners who run the business and have the same unlimited liability as sole proprietors
What will be an ideal response?