Many African nations have based their growth on resource extraction.
Answer the following statement true (T) or false (F)
True
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In the figure above, Nike's economic profit is ________
A) $3,000 B) $1,800 C) $9,000 D) zero
A . Give an economics-based explanation for why class attendance is usually higher on the first day of class and on the days before major exams. b. Describe some policies that your instructor could implement to reduce absences and give an economics-based explanation of why they would have the desired effect
The age-earnings profile for most people indicates
A) earnings rise continually until a person retires. B) earnings initially decline and then rise continually until retirement. C) that when you adjust for inflation, earnings are constant throughout the entire workplace experience. D) earnings rise until the age of about 50 and then begin to fall until retirement.
Answer the following questions true (T) or false (F)
1. The dynamic aggregate demand and aggregate supply model assumes that potential GDP increases over time. 2. Inflation is generally the result of total spending growing faster than total production. 3. One factor which brought on the recession of 2007-2009 was the end of the housing bubble.