3.Business Economics is a study of. Single choice.
(1 Point)
a. Application of economics and issues of business
b. Application of economic theories
c. (a) and (b)
d. None of the above
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Answer:
c
Explanation:
Globalization certainly permits an increase in the level of global output. And international capital flows can transfer savings from countries where the marginal product of capital is low to those where it is high, which again increases world output
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