Which of the following is the most aggregated value?
A. Total output of a city
B. Total output of a country
C. Total output of a firm
D. Total output of an industry
Answer: B
Economics
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What role does money play in the circular flow model?
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The growth rate in potential GDP is equal to the growth rate in the population.
Answer the following statement true (T) or false (F)
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Competition keeps prices lower for consumers. So why do we have patent laws?
What will be an ideal response?
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Which of the following statements is true?
A) The more liquid the bond, the lower the yield. B) Tax-free bonds normally have a higher interest rate than other types of bonds. C) The price of a bond increases as it becomes more risky. D) The yield curve illustrates the relative default risks of alternative types of bonds.
Economics