An economy is said to be well-endowed with capital if it has _____.
A) large tracts of agricultural land
B) rigid labour laws
C) well-developed infrastructure
D) a large population
Correct Answer:
Verified
Q18: The central problem in economics is that
Q19: Which of the following pertains to microeconomics?
A)
Q20: If previously unemployed factors of production are
Q21: The assumption that firms are profit-maximizers is
Q22: Which of the following is likely to
Q24: Which of the following is likely to
Q25: Other things remaining unchanged, which of the
Q26: How is an increase in taxes likely
Q27: In a planned economy, _.
A) the market
Q28: In a _, prices transmit information between
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