Other things constant, countries that invest more will grow

a. more rapidly.
b. less rapidly.
c. at the same rate.
d. at exactly 2% per year.


A

Economics

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If total revenue increases when price increases:

A. demand is elastic. B. demand is inelastic. C. demand is unit elastic. D. Any of these could be true.

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Fracking, a technique for breaking up (or fracturing) rock deep under the earth to release natural gas, has

a. increased the price of natural gas. b. decreased the supply of natural gas. c. contaminated natural gas so it is no longer a "clean" fuel. d. decreased the price of natural gas.

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The terms of trade between any two countries for two goods cannot be between their respective opportunity costs if there are to be any gains in trade.

Answer the following statement true (T) or false (F)

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