An example of odious debt would be debts on the part of a nation that were incurred by a dictator for the well-being of his family
Indicate whether the statement is true or false
TRUE
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The large influx of immigrant families between 1860 and 1910 caused the total population to grow at a faster rate than the work force
Indicate whether the statement is true or false
In the estimation of demand, the "identification problem" refers to
A) the problem of selecting the proper level of significance. B) the problem of deciding whether to use time series or cross-sectional data. C) the problem of separating out the effects of price on the quantity demanded when supply cannot be held constant. D) the problem of having insufficient variation in prices.
The study of how consumers and producers interact in individual markets is
a. macroeconomics b. labor economics c. microeconomics d. econometrics e. development economics
Define implicit costs and provide an example that shows why it is important to consider them in a discussion of profit.
What will be an ideal response?