Japan is the largest trading partner of the United States
Indicate whether the statement is true or false
F
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An optimal decision is one that chooses
A. the most desirable alternative among the possibilities permitted by the resources available. B. the lowest cost method of meeting goals, without regard to quality or any other feature. C. among various possible goals and offends no one, so that all are equally happy. D. among equally important goals, and thereby avoids the “indispensable necessity” syndrome. E. among possible goals in such a way that spends as little money as possible.
The developing countries have been catching up to the lower-income industrial countries in terms of economic growth
Indicate whether the statement is true or false
Which of these is most likely to shift the long-run aggregate supply curve to the left?
a. An increase in the average workweek b. An improvement in technology c. A civil war d. A decrease in aggregate demand e. A decline in global oil prices
The CPI for 2008 is computed by dividing the price of the basket of goods and services in 2008 by the price of the basket of goods and services in the base year, then multiplying by 100
a. True b. False Indicate whether the statement is true or false