The bulk of exports from non-industrial countries are

a. manufactured goods
b. primary products
c. agricultural goods
d. natural resources
e. raw sugar products


D

Economics

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The twin responsibilities of the Federal Reserve is called the:

A. dual mandate. B. double duty. C. twin spin. D. two tasks.

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Credit cards are

A. Included in both the M1 and M2 definitions of the money supply B. Included in the M1 definition of the money supply, but not in the M2 definition C. Included in neither the M1 definition of the money supply nor in the M2 definition

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Explain under what conditions supply is very inelastic and elastic.

What will be an ideal response?

Economics

In the long run, zero economic profit exists in monopolistic competition and perfect competition.

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

Economics