Business plan competitions at universities are simply the culmination of an academic exercise.
Answer the following statement(s) true (T) or false (F)
Ans: False
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Tax systems in developing countries tend to be efficient and reliable
Indicate whether the statement is true or false
If the prevailing price of shirts is $10 and at this price demanders demand 100 shirts while suppliers are willing to supply 110 shirts, there is a(n)
a. shortage at the $10 price. b. surplus at the $10 price. c. equilibrium in this market. d. shortage if price were to rise above $10.
Weak economies with shrinking incomes tend to buy more of everything, including imports
a. True b. False
Without externalities, _____
a. private costs equal social costs b. private benefits exceed social benefits c. private costs are greater than social costs d. private benefits are lesser than social benefits