The U.S. claimed a disproportionate share of world trade given its share of the world's population
Indicate whether the statement is true or false
True
Economics
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If an inflation forecast is based on last year's inflation rate, it is said to be
A) historical. B) rational. C) logical. D) adaptive.
Economics
When market wages increase in a perfectly competitive market, then
A) the marginal factor cost increases. B) the marginal product increases. C) the marginal factor cost decreases. D) the marginal product decreases.
Economics
A bond and stock differ in that a stock is an IOU for a fixed amount and a bond is a portion of ownership
a. True b. False Indicate whether the statement is true or false
Economics
Which one of the following is not a component of GDP, as measured using the expenditure approach?
A. personal consumption B. exports C. interest D. government spending
Economics