Complete tastes are tastes that make people desire at least some of every good.
Answer the following statement true (T) or false (F)
False
Rationale: Complete tastes are tastes that allow a consumer to always rank any two bundles of goods.
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Which of the following industries would be considered to have a labor intensive production process?
A. Printing a novel B. Farming in a poor country C. Building a road. D. Driving a truck.
A possible explanation for a natural phenomenon is called
A. the scientific method. B. a theory. C. a value judgment. D. normative economics.
When Chile experiences investment from abroad, it experiences, as a result,
a. an increase in productivity. b. a decrease in Gross National Product (GNP). c. lower wages for Chilean workers. d. None of the above is correct.
DeBeers was able to profit the most from the diamond market by selling a:
A. lot of diamonds at high prices. B. lot of diamonds at low prices. C. few diamonds at low prices. D. few diamonds at high prices.