10% of the total food grains produced in a country during a year got damaged due to poor storage. Which of the following will happen in this case?
A) Imports will fall. B) Trade surplus will increase.
C) GDP will remain unchanged. D) GDP will decrease.
C
Economics
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Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal
A) $3.87. B) $5.80. C) $12.10. D) $18.14.
Economics
The official fiscal year budget deficits disappeared from 1998 to 2001.
Answer the following statement true (T) or false (F)
Economics
Figure 6.4 represents a perfectly competitive firm's costs. Illustrate the firm's shut-down price on the graph. Explain.
What will be an ideal response?
Economics
Investment affects output, but output does not affect investment.
Answer the following statement true (T) or false (F)
Economics