China is not an important market for other nations' exports
Indicate whether the statement is true or false
FALSE
Economics
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When the price of margarine is $2 per unit, 10 units of butter are demanded. When the price of margarine increases to $6 per unit, 30 units of butter are demanded. What is the cross-price elasticity between the two goods?
A) -1 B) 1 C) 2 D) 5
Economics
According to economists, entrepreneurship is a factor of production
Indicate whether the statement is true or false
Economics
Any two goods are said to be _____ if they are consumed jointly in a specific proportion
a. perfect complements b. merit goods c. perfect substitutes d. public goods
Economics
When collective decision making (the political process) is used to resolve economic questions regarding the allocation of resources,
What will be an ideal response?
Economics