Poor countries often have difficulty investing in capital because
a. development assistance is designed in increase consumer goods.
b. multinational corporations do not bring technological advances into poor countries.
c. the population is living at subsistence level and cannot afford to save.
d. they suffer from the cost disease of personal services.
c
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What does empirical evidence suggest about the elasticity of labor supply? What does this suggest about the burden of the payroll tax in the United States?
What will be an ideal response?
Joseph decides to join the Big State University's football team when he learns that his health insurance will pay for any subsequent injury. This illustrates
A) a moral hazard problem. B) monopolistic behavior. C) a symmetric information problem. D) oligopolistic behavior.
Because a bank has a very large pool of buyers and savers, it can:
A. act as an intermediary between firms and government. B. provide liquidity to some individuals that deposit funds. C. diversify the risk of saving and borrowing for individuals. D. act in the best interest of society by ensuring there is enough money for people.
When average variable cost is at its minimum, it is equal to the marginal cost of production at that level of output
Indicate whether the statement is true or false