Higher employment taxes lead to lower levels of employment
Indicate whether the statement is true or false
TRUE
Economics
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Dependency theory characterizes countries as being either in the center or on the periphery. Explain these two concepts. If this theory is correct, what are the implications for development strategy?
What will be an ideal response?
Economics
Explain why debt is usually measured using the debt-to-GDP ratio rather than the absolute amount of debt
What will be an ideal response?
Economics
A measure of the average price level for GDP is called the:
A. aggregate price level. B. national price level. C. economy price level. D. total price level.
Economics
The profit-maximizing monopolist will never operate in a price range over which
A. P > MC. B. demand is inelastic. C. P > MR. D. the demand curve slopes downward.
Economics