The CPI measures the average level of prices of all final goods and services produced in the economy
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following economists first coined the concept of creative destruction?
A) Adam Smith B) Malthus C) Joseph Schumpeter D) Paul Krugman
Economics
What is the value of the MPC if $66 out of every $100 increase in disposable income is consumed?
A) $34 B) 0.34 C) 0.66 D) $166 E) More information is needed to determine the MPC.
Economics
In the above figure, between x = 2 and x = 3, what is the slope of the line?
A) 1 B) -1 C) 2 D) 3
Economics
Disadvantages of decentralization are
A. intercommunity externalities. B. forgone scale economies in the provision of public goods. C. inefficient taxation. D. the lack of ability to redistribute income. E. all of these answer options are correct.
Economics