North's (1955) theory of economic location is that of "balanced growth"—many industries in each region must advance at about the same time in order for economic growth to occur
Indicate whether the statement is true or false
False
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A price floor is the ________
A) maximum willingness to pay for a good B) minimum price that a seller accepts for a good C) lower limit on the price of a good D) upper limit on the price of a good
Typically, the budget deficit is financed by: a. printing money. b. issuing debt
c. raising taxes. d. both a. and c.
The following graph is the production possibilities curve of a nation:
Refer to the above graph. The marginal opportunity cost of the fourth unit of bread is:
A. 0 unit of drill presses
B. 1 unit of drill presses
C. 3 units of drill presses
D. 4 units of drill presses
An example of third parties in the market of trucks is
A. a pedestrian that is affected by the polluted air from trucks. B. a buyer of a truck. C. a seller of a truck. D. None of these belongs to third parties.