The most important reason for why some people have higher income than others is ______.

Fill in the blank(s) with the appropriate word(s).


differences in wages and salaries

Economics

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Japan is generally considered an economy closed to foreign trade

a. True b. False

Economics

Because the prices of final goods and services tend to increase more quickly than the prices of inputs, the short run aggregate supply curve is:

A. upward sloping. B. downward sloping. C. perfectly elastic. D. perfectly inelastic.

Economics

Depreciation must be subtracted from the calculation of gross domestic product

a. True b. False Indicate whether the statement is true or false

Economics

According to Adam Smith, individual self-interest...

What will be an ideal response?

Economics