Since 1960, real GDP has fluctuated to some extent; however, there has been virtually no overall growth when the entire time span is considered

a. True
b. False


B

Economics

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A monopoly firm can make economic profit in the long run. A firm in monopolistic competition cannot. What creates this difference?

What will be an ideal response?

Economics

The marginal productivity principle demonstrates that distribution under a capitalist system is ethically valid

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

Economics

Define investment? The meaning of investment is different for economists. Explain

Economics

If the price of flashlights in production increases, then supply of ______ would most likely increase.

a. batteries b. pencils c. olive oil d. iron ore

Economics