The lower-income industrial countries are catching up to the higher-income industrial countries in terms of economic growth
Indicate whether the statement is true or false
TRUE
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Taking actions that reduce risk
A) raise your expected value. B) makes you less risk-averse. C) are impractical in most circumstances. D) change your utility function.
An oligopoly is characterized by:
a. a relatively small number of firms b. either differentiated or undifferentiated products c. actions of any individual firm will affect sales of other firms in the industry d. a and b e. a, b, and c
Direct costs of a public sector investment project are generally easier to measure than the direct benefits
a. true b. false
When deficits are run continuously, interest payments on the debt will become smaller relative to future deficits, ceteris paribus.
Indicate whether the statement is true or false.