The link between incentives and economic growth suggests a certain trade-off between equity and efficiency
Indicate whether the statement is true or false
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How can a proprietorship or partnership raise funds for expansion?
A) take on a partner or more partners B) reinvest profit back into the business C) borrow from someone or an institution willing to lend the funds D) Any of these would generate funds for expansion.
Economic growth ________
A) is driven by different elements in different economies B) is driven primarily by digital technology C) is driven primarily by labor growth D) cannot be explained using economic models
In the long run, if we observe firms in a competitive market earning economic profits, we know that this market is in long-run equilibrium
a. True b. False Indicate whether the statement is true or false
The international adjustments, which will help the U.S. economy out of a structural stagnation, include:
A. running expansionary policies to shift the aggregate demand curve to the right. B. hiring workers in the government sector to boost employment. C. depreciating the value of the dollar. D. extending unemployment compensation to replace income for unemployed workers.