The distribution of income in developed countries is less egalitarian than less developed countries
a. True
b. False
Indicate whether the statement is true or false
False
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Describe the effects of the reunification of eastern and western Germany in 1990 on both Germany and its neighboring European countries using the AA-DD framework
What will be an ideal response?
In which of the following situations will the profit of a perfectly competitive firm always increase with an increases in its output?
a. When price is greater than marginal revenue b. When price is less than marginal revenue c. When price is greater than marginal cost d. When price is less than marginal cost e. When price is equal to marginal cost
As output increases, average fixed costs
A) decrease. B) initially decrease and then increase. C) remain constant. D) increase.
Antitrust activity addresses
A. Inequity. B. Market power. C. Public goods. D. Macro instability.