A higher saving rate will promote capital deepening.
Answer the following statement true (T) or false (F)
True
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There is a man yelling for help on a crowded subway platform. What are two reasons that the man may not get the help he needs?
What will be an ideal response?
As a "central bank," which of the following is TRUE regarding the Fed?
I. The Fed is a public authority that regulates the nation's banks. II. The Fed is not allowed to provide services to commercial banks like Citibank. III. The Fed is required to provide banking services to private citizens. A) I B) II C) I and II D) I and III
A firm's accounting profit is also its
A) economic profit. B) net income. C) statement of liabilities. D) income statement.
When a business is owned and operated by a single individual who receives all of the profits and is responsible for all debts, it is known as a
A) partnership. B) conglomerate. C) corporation. D) proprietorship.