Based on the information in Scenario 1, nominal GDP in 2016 in this economy was
A) $830. B) $1,025. C) $1,090. D) $1,345.
D
Economics
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Which of the following is not an exogenous factor of production in the aggregate production function?
a. Technology b. The real wage c. Capital d. Labor e. These are all factors of production.
Economics
In the short run, if price is below AC, maximizing profits really means minimizing total losses.
Answer the following statement true (T) or false (F)
Economics
If inflation rises more quickly in the United States than in France, U.S. exports to France should rise
a. True b. False Indicate whether the statement is true or false
Economics
As economic development progresses, eventually birth rates _____.
Fill in the blank(s) with the appropriate word(s).
Economics