The reversal of fortune is strong evidence against the:
A) religious hypothesis of economic prosperity. B) geography hypothesis of economic prosperity.
C) culture hypothesis of economic prosperity. D) institutions hypothesis of economic prosperity.
B
Economics
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In the simple accelerator theory an
A) increase in actual sales will always lead to an increase in investment. B) increase in actual output will not lead to an increase in expected sales. C) increase in actual sales will lead to an increase in replacement investment. D) increase in the size of the increase in actual sales will lead to an increase in next period's net investment.
Economics
A closed economy is one that
a. uses tariffs. b. uses quotas to restrict trade. c. uses exchange controls. d. does not trade with other nations.
Economics