An unincorporated company owned by two or more people
What will be an ideal response?
Partnership
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Less-developed nations may have trouble with ________ financing of their deficits, and the only alternative creates the problem of ________
A) money, high inflation B) money, indebtedness to foreign nations C) bond, high inflation D) bond, indebtedness to foreign nations
Refer to the payoff matrix below. Which is the equilibrium of the game using the Pareto criterion?
Healthy Snacks and Best Treats are two firms competing in the health food snacks market. Both are considering introducing a new health food snack made purely of dried power fruits. The payoff matrix shows their net economic profit in millions for the different strategies.
A) Best Treats Do Not Introduce and Healthy Snacks Introduce.
B) Best Treats Introduce and Healthy Snacks Introduce.
C) Best Treats Introduce and Healthy Snacks Do Not Introduce.
D) Best Treats Do Not Introduce and Healthy Snacks Do Not Introduce.
"Economics is the study of how people eliminate scarcity." Do you agree or disagree? Why?
What will be an ideal response?
A natural monopoly would benefit by being broken into many smaller firms.
Answer the following statement true (T) or false (F)