Education is an integral part of economic growth
Indicate whether the statement is true or false
TRUE
Economics
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When Dale buys a new computer for $1,000 using a credit card,
A) his bank account decreases by $1,000. B) he is taking out a loan for $1,000. C) the credit card is acting as money. D) the money supply decreases by $1,000. E) the credit card is performing the function of an unit of account.
Economics
Refer to Figure 12-11. If this is a constant-cost industry, what is the market price in the long-run equilibrium?
A) $5 B) $14 C) $15 D) $20
Economics
Trade agreements help to lower barriers to trade
a. True b. False
Economics
At the equilibrium level of real GDP, total production equals total:
a. saving. b. investment. c. net exports. d. spending.
Economics