In the long run the relevant cost is total cost
Indicate whether the statement is true or false
TRUE
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The ultimate goal is ____________ which is a form of growth wherein societal needs, present and future, are met
a. Sustainable development b. Carbon footprint c. Ecological footprint d. Planned land use development
How could the economic planning process in the United States and most of Europe best be described?
a. decentralized b. centralized c. government-centered d. collectively focused
In a certain country, the labor force is 30 million and the unemployment rate is 5 percent. What is the amount of unemployed individuals in this country?
(A) 15,000 (B) 1.5 million (C) 15 million (D) 150,000
The economies of most less-developed countries (LDCs) are based on:
A. agriculture. B. manufacturing. C. services. D. oil.