Keynes thought the Great Depression had been caused by a collapse in _____.
Fill in the blank(s) with the appropriate word(s).
investment
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Refer to the scenario above. Which of the following would have happened if the government had decided to provide an export subsidy on these crops?
A) Domestic producers would have been worse off. B) Domestic consumers would have been worse off. C) The government's revenue would have increased. D) The volume of exports would have increased.
You are the brand manager of Crest toothpaste and you observe that when you increase the price of Crest, your total revenue increases. How is that possible?
What will be an ideal response?
A monopolist maximizes revenue at
a. At MR= MC b. At MR>MC c. At P=MR d. At MR=0
Political freedom seems to be ________ important to growth than economic freedom.
A. critically B. more C. less D. equally