Most less-developed countries have sufficient infrastructure in place to become a developed country
a. True
b. False
Indicate whether the statement is true or false
False
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Why does an efficient distribution of outputs among households occur in perfectly competitive markets?
What will be an ideal response?
Of the English-owned joint stock companies that operated in North America, which was the only one to survive longer than 20 years?
a. The London Company b. The New Plymouth Company c. The Hudson Bay Company d. The Massachusetts Bay Company
The larger is the reserve ratio, the:
A. smaller is the money multiplier, and the less money will be created in the economy. B. smaller is the money multiplier, and the more money will be created in the economy. C. larger is the money multiplier, and the less money will be created in the economy. D. larger is the money multiplier, and the more money will be created in the economy.
Microeconomics includes the study of:
A. a firm's pricing policies. B. inflation. C. business cycles. D. unemployment.