Productivity in manufacturing sectors has risen faster than in service sectors
a. True
b. False
Indicate whether the statement is true or false
True
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Use the following graph to answer the next question.
The graph shows the supply and demand for money where Dm1, Dm2, and Dm3 represent different demands for money and Sm1, Sm2, and Sm3 represent different levels of the money supply. The initial equilibrium point is A. What will be the new equilibrium point following a decrease in the transactions demand for money?
A. I B. B C. E D. F
Trade will be beneficial for a nation with a comparative advantage in producing a certain product
Indicate whether the statement is true or false
Constructing the CPI involves which of the following stages?
i. conducting the monthly price survey ii. converting the CPI to an international index iii. selecting CPI market basket A) i and iii B) iii only C) ii only D) i only E) i, ii, and iii
The total costs of using a resource are made up of
A) private costs only. B) external costs only. C) social costs only. D) internal and private costs only.