According to some estimates, over the last two decades China has had an annual average growth rate of about 12 percent
a. True
b. False
Indicate whether the statement is true or false
True
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While the classicists believed that both velocity and output are stable, Keynesians believe
The elite theory of government maintains that
A. Politicians who have held office for a long time are favored by the voters B. Wealthy, politically powerful people control government, and government has no interest in meeting the needs of ordinary people C. Special interest groups make government policy D. None of the above E. Poor people and people of color should not be allowed to vote
What is one possible reason a firm that produces balloons might outsource its accounting department?
A) There are no longer economies of scale. B) There are now economies of scope. C) There are no longer economies of scope. D) There are now economies of scale.
Monopolistically competitive firms are unable to affect the market price of their output, but are able to control the price of their own output.
Answer the following statement true (T) or false (F)