In all areas but property, the measurable costs of the Civil War (1861–1865) were highest in the North
Indicate whether the statement is true or false
False
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If the demand is perfectly elastic, buyers pay the entire tax
Indicate whether the statement is true or false
When the value of the dollar changes from £0.75 to £0.5, then the British pound has ________ and the U.S. dollar has ________
A) appreciated; appreciated B) depreciated; appreciated C) appreciated; depreciated D) depreciated; depreciated
Cartels are difficult to maintain because: a. there are generally few barriers to entry in oligopoly markets. b. firms have a strong private incentive to cheat on agreements. c. it is difficult to enforce a cartel agreement
d. both (b) and (c).
Which of the following would be most likely to improve the standard of living of the residents of a less-developed country?
What will be an ideal response?