Inflation exists whenever:
a. the price of a good increases
b. the price of a good decreases.
c. the economy experiences a contraction.
d. the overall price level is rising.
d
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Using economic theory to analyze policy issues
A. is a way to avoid inconvenient facts. B. allows researchers to disprove a hypothesis. C. relies on simplifications to conduct studies. D. always includes the inclusion of political ideals.
International trade permits greater consumption than would be possible from the domestic production alone
a. True b. False Indicate whether the statement is true or false
What are the benefits of a franchise contract?
David Ricardo's assumption for economic rents for land was based on
A) the supply of land being a fixed quantity. B) a shortage of land. C) a surplus of land. D) total government control of land.