Less developed countries, compared to industrialized ones, are more likely to have higher tariff rates.
Indicate whether the statement is true or false.
Answer: True
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An increase in the size of the working-age population
A. decreases labor supply. B. decreases labor demand. C. increases labor supply. D. increases labor demand.
If a coalition D is decisive over a pair of social outcomes (x,y) under a social choice process that satisfies Arrow's axioms, then another coalition C (that differs from D) cannot be decisive over a different pair (a,b) of social outcomes.
Answer the following statement true (T) or false (F)
If the marginal social cost of a good is $70 and the marginal external cost is $20, what does the marginal private cost equal?
What will be an ideal response?
When you work to support your lifestyle, you are making a tradeoff
a. True b. False Indicate whether the statement is true or false