A very high Gini coefficient implies a very wealthy country
Indicate whether the statement is true or false
F
Economics
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A spending shock is a change in spending that ultimately affects the entire economy
a. True b. False
Economics
Suppose the cost of insecticide (a variable input) decreases for broccoli farmers. In order to maximize profits, ceteris paribus, broccoli farmers should
A. Increase output. B. Keep output the same since the market price did not change. C. Increase prices. D. Decrease output.
Economics