the value of final output produced in a given period measured in current prices
What will be an ideal response?
nominal GDP
Economics
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Why do you suppose that South-South trade does not conform in volume, but does conform in pattern with expectations generated by the Heckscher-Ohlin model?
What will be an ideal response?
Economics
If the maturity of a debt instrument is less than one year, the debt is called
A) short-term. B) intermediate-term. C) long-term. D) prima-term.
Economics
Getting the work done by some other firm at lower costs, when the firm is situated in some other country, is called outsourcing
a. True b. False Indicate whether the statement is true or false
Economics
A relatively mild period of falling incomes and rising unemployment is called a(n)
a. depression. b. recession. c. expansion. d. business cycle.
Economics