It is difficult to formulate the appropriate government policy to guarantee full employment and price level stability

Indicate whether the statement is true or false


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Economics

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Countertrade is an efficient way of doing business.

a. true b. false

Economics

Which of the following are barriers to entry?

A) economies of scale B) patents and copyrights C) control of resources D) all of the above

Economics

Which is the best example of specialization?

A) a high school math teacher who teaches only calculus B) a firm that produces both luggage and cooking oil C) a person whose job includes accounting, personnel, and maintenance tasks D) a high school math teacher who teaches algebra and calculus

Economics

Assuming purchasing-power parity holds and that over a period of five years the dollar had appreciated relative to the currency of Country X, what would explain the appreciation of the dollar?

Economics