Unlimited liability is a distinct advantage of the proprietorship.
Answer the following statement true (T) or false (F)
False
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The $/€ bid rate is the:
a. Equal to the €/$ ask rate b. Inverse of €/$ bid rate c. Inverse of $/€ ask rate d. Equal to the $/€ ask rate e. Inverse of €/$ ask rate
The free-rider problem is encountered when
A. all individuals are willing to pay for what they consume. B. all individuals who consume a public good pay for it. C. someone benefits from the consumption of a public good without paying his or her full share. D. all goods consumed and produced are private goods.
Consider two countries: a) In the first country there are 1,000 individuals; among them 500 earn $20,000 per month and the remaining 500 earn $400 per month
b) In the second country there are 1,000 people; among them 500 earn $12,000 per month and the remaining 500 people earn $600 per month. Which of the two countries has more inequality and which country is poorer of the two?
Which of the following is true?
A) Even when they are economically free, high-income countries have been unable to achieve high growth rates. B) Even when low-income countries adopt institutions and policies supportive of economic freedom, they are unable to achieve high growth rates. C) When low-income countries adopt institutions and policies supportive of economic freedom, they are able to achieve high growth rates. D) Even when they are economically free, low-income countries have been unable to achieve high growth rates.