If one allows natural resources to be a factor of production, then it is possible to explain the Leontief Paradox for the United States on the grounds that U.S. imports are natural resource intensive

Indicate whether the statement is true or false


TRUE
Explanation: This is essentially Vanek's argument.

Economics

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Use the following graph for a perfectly competitive firm generating a loss in the short run to answer the next question.Which area in the graph represents the loss generated by the firm?

A. bcde B. 0beg C. abef D. acdf

Economics

Workers, rather than firms, bear most of the burden of the payroll tax

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

Economics

Over the past fifty years, the proportion of women in the workforce has ______.

a. increased dramatically b. increased slightly c. remained steady d. decreased slightly

Economics

According to the equation of exchange, the total amount of funds spent on final ______ is equal to the total amount of funds received for the final ______.

a. output; input. b. output; output. c. input; output d. input; input

Economics