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Answer:
A tax cut does not cause workers to work significantly more hours. C).
The product cost in US dollars given the exchange rate of bitcoins per dollar is $500.
<h3>What is the product cost in US dollars?</h3>
The exchange rate is the rate at which one currency is exchanged for another currency. In this question, 1 dollar is equivalent to 0.0035.
$1 = 0.0035 bitcoins
1.75 / 0.0035 = $500
To learn more about exchange rate, please check: brainly.com/question/25780725
Answer:
C.wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are often lacking in these areas
Explanation:
Factors of production includes:
1. Land - land includes all natural resources
2. Capital - includes machinery, tools used in the production of goods and services
3. Labour - includes all human effort expended in the production of goods and services
4. Entrepreneurship - coordinates all factors of production.
Poor countries have high levels of illiteracy, so they don't have an abundance of knowledge. Poor countries are usually overpopulated, so they usually have high Quanitity of labour.
On the other hand, rich countries have high literacy levels, so, they have an abundance of knowledge.
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