Business investment is usually more volatile than overall economic growth
Indicate whether the statement is true or false
TRUE
Economics
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Nigeria would be classified by the International Monetary Fund as
A) a resource-based economy. B) an emerging market economy. C) a transition economy. D) a developing economy. E) an advanced economy.
Economics
Suppose the inverse supply curve in a market is Q = 6p2. If price decreases from 5 to 4, the change in producer surplus is
A) 150. B) -54. C) -6. D) -122.
Economics
Government allocation of pollution rights cannot be efficient if polluters cannot be easily identified and monitored
a. True b. False
Economics
If the price elasticity of demand is 2, this means that a ________ increase in price causes a ________ decrease in quantity demanded.
A. 15%; 100% B. 15%; 10% C. 20%; 40% D. 30%; 20%
Economics