Import substitution industrialization in Latin America
A) relied on increased exports.
B) provided subsidies for exports.
C) shifted the bulk of exports away from primary commodities.
D) created disincentives to export.
E) Answers A and C are correct.
D
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a. True b. False Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false
Use the graph below to explain the relationship between investment and the multiplier. Increases in investment are in $20 billion shifts. The slope of the aggregate expenditure curve is 0.75.
A perfectly competitive firm will have an economic profit of zero if, at its profit-maximizing output, its marginal revenue equals its
A) average total cost. B) marginal cost. C) average variable cost. D) average fixed cost.