In a binding situation, a positive cost shock decreases output.
Answer the following statement true (T) or false (F)
False
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What is the level of openness of the United States economy, based on 2016 data?
A. 13.3 percent B. 23.1 percent C. 52.0 percent D. 63.9 percent E. 77.8 percent
An economically backward nation has the best chance of enjoying relatively high rates of economic growth if it
A) turns toward central economic planning. B) adopts advanced technologies. C) raises its minimum wages and government pension programs. D) limits imports as much as possible.
Sealed bid construction contracts are examples of market games that are
A. simultaneous and nonrepeated. B. sequential and nonrepeated. C. sequential and repeated. D. simultaneous and repeated.
The payments made for the use of money are called investment.
Answer the following statement true (T) or false (F)