The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces.
Answer the following statement true (T) or false (F)
True
Economic, political, and social forces determine how an economy operates and thus answers the three economic problems.
Economics
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If that the marginal propensity to save (MPS) increased from 0.20 to 0.25, this would cause the multiplier effect to
A) increase. B) decrease. C) stay the same. D) None of the above is correct.
Economics
Globalization is becoming more of a worldwide phenomenon because
a. more countries want to become self-sufficient. b. less-developed countries are increasing their trade restrictions. c. technological advancements are decreasing transportation costs. d. trade hurts workers in poor countries.
Economics