The only way that an economy can increase its rate of consumption in the long run is by increasing the amount that it produces
a. True
b. False
Indicate whether the statement is true or false
True
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Unit elastic demand occurs when
a. a one-unit increase in price leads to a one-unit decrease in quantity demanded b. a 1% increase in price leads to a one-unit decrease in quantity demanded c. price elasticity of demand is positive d. price elasticity of demand is exactly zero e. price elasticity of demand is exactly -1
Identify the correct statement about net exports.
What will be an ideal response?
Which of the following is not a characteristic of pure competition?
A. Price strategies by firms. B. A standardized product. C. No barriers to entry. D. A larger number of sellers.
What actions has government taken to improve buyer information in the market for surgery?
Please provide the best answer for the statement.