In traditional economies, people base economic decisions on the precedents established by previous generations
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Briefly, what are the major causes of export earnings instability for developing countries?
What will be an ideal response?
Economics
Horizontal equity means that equally situated individuals should be taxed equally
a. True b. False Indicate whether the statement is true or false
Economics
In the short run, the additional output that results from hiring an additional unit of a variable input is the
A) marginal product. B) average product. C) average variable cost. D) marginal cost.
Economics
The Smoot-Hawley tariff increased the average tariff rate to ________ percent.
A. 15 B. 30 C. 60 D. 90
Economics