The value of output produced in colonial America equals the value of income generated by the productive resources (land, natural resources, labor, capital and entrepreneurial talent) used to produce that output
Indicate whether the statement is true or false
True
Economics
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Using the information in the table above, calculate the number of people in the labor force
A) 2500 B) 2100 C) 1500 D) 800
Economics
Refer to Table 2-9. What is Thailand's opportunity cost of producing one pound of rice?
A) 60 wristwatches B) 20 wristwatches C) 5 wristwatches D) 0.05 units of a wristwatch
Economics
The Bretton Woods Systems established
(a) the International Monetary Fund. (b) the International Bank for Reconstruction and Development (the World Bank). (c) the International Trade Organization (WTO). (d) all of the above.
Economics
In a Bertrand model, market power is a function of
A) marginal cost. B) the number of firms. C) price elasticity of supply. D) product differentiation.
Economics