Growth in real output per person occurred, on average, in colonial America. This growth translated into a great improvement in the quality of life for all citizens
Indicate whether the statement is true or false
False
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If interest rates rise, what will happen to the nation's exchange rate?
What will be an ideal response?
Which of the following activities are production?
A) combining flour, milk, and eggs to make cookies B) moving coal from southern Illinois to an electrical power plant in northern Illinois C) taking ice cubes from a tray to put in a drink D) All of the above are production.
If a monopolist lowers its price
A. the quantity demanded decreases. B. the quantity demanded increases. C. the quantity demanded remains the same. D. the quantity demanded becomes zero.
The present discounted value of a stream of future income increases as the interest rate decreases.
Answer the following statement true (T) or false (F)