Industrialized countries generally have higher levels of educational attainment compared with poorer countries.
Answer the following statement true (T) or false (F)
True
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Emily is a writer. She buys pens and paper for $20 and writes a 500-page novel that she sells to a publishing company for $500,000. If the publisher prints 1 million copies that sell for $25 each, what is the contribution to GDP of Emily's novel?
A) $25 million B) $20 million C) $500,000 D) $50,000
Points outside the production possibilities frontier represent infeasible levels of production
a. True b. False Indicate whether the statement is true or false
The first antitrust law was the __________________________.
Fill in the blank(s) with the appropriate word(s).
Reverse causation is the idea that
A. expected future increases in output cause increases in the current money supply. B. current increases in output cause future increases in the money supply. C. current increases in the money supply cause future increases in output. D. expected future increases in the money supply cause increases in current output.