Answer:
The three major macroeconomic goals of an economy should be economic growth, low unemployment/full employment, and low inflation rates. Economic growth occurs when an economy ‘increases its ability to produce goods and services’
Explanation:
Answer:
False
Explanation:
Amortization an act of spreading a loan into a series of fixed payments over time. An amortized loan is a loan with scheduled periodic payments of both the principal and interest. It first pays off the relevant interest expense for the period, after which the remainder of the payment reduces the principal.
Payments are made in regular installments of constant amount that consists of both principal and interest.
Common examples of amortized loans include student loans, car loans and home mortgages.
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Answer: True
Explanation:
Aptitude is the ability to evaluate your strengths and weaknesses. Entrepreneurship involves risk, which is both an advantage and a disadvantage. It is not necessary to determine how much money it will take to start a business because you will be able to borrow the money you need.
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Answer:
Skilled labor is an advanced factor endowment
Explanation:
According to porter's diamond about national advantage, the potential of factor endowments is increased by four factors that increases the nation advantage, these factors are: factors condition; firm structure, strategy and rivarly; demand condition; related and supporting industries.
Every factor leads changes on the national advantage, as an example, demand conditions because when the market conditions are more demanding the nation is willing to be more competitive, it pursues a best development on products and specialized labor skills.
