Policies designed to promote import substitution often encouraged labor-intensive production methods, which encouraged the creation of jobs.
Answer the following statement true (T) or false (F)
False
Economics
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Contractionary monetary policy and expansionary fiscal policy both reduce net exports in an open economy
Indicate whether the statement is true or false
Economics
Refer to Table 2.3. Assume that 2010 is the base year. The GDP deflator for 2007 is
A) 67.1. B) 84.5. C) 100.0. D) 118.3.
Economics
The point where both x and y are zero is known as the
a. origin. b. null. c. zero coordinate. d. center.
Economics
Which statement concerning monopolistic competition is false?
A. In the long run P = AC > MC. B. Firms may experience positive economic profits in the long run. C. Firms may experience losses in the short run. D. Firms differentiate their products, but the products are relatively substitutable.
Economics