Inferior goods are also known as substitute goods.
Answer the following statement true (T) or false (F)
False
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President Obama's 2009 stimulus package greatly increased the budget deficit
Indicate whether the statement is true or false
Under a dirty float, the value of a country's currency is ________
A) fixed B) determined by the relevant currency board C) influenced by the monetary authorities D) unmanageable
The measurement of economic growth cannot take into account
A. productive activity in an economy. B. the service sector of an economy. C. differences in inflation rates across countries. D. cultural aspects of life in a country.
Preferences can be described as
A) what a person likes and dislikes. B) the income opportunities of several activities. C) feasible consumption combinations. D) the relative prices of goods and services.