The price feedback effect explains how an increase in the price level in one country can drive up prices in other countries, which, in turn, further increases the price level in the first country.
Answer the following statement true (T) or false (F)
True
Economics
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If average total cost is rising
A) marginal cost is above average total cost. B) marginal cost is rising. C) marginal product is rising. D) marginal cost is above average total cost and is falling.
Economics
When smaller political groups wish to have influence in a government with pluralistic voting, they will:
A. drop from races, and consolidate with larger parties. B. stay in political races, in the hopes of swaying the vote away from the candidate the majority favors. C. drop from races, and campaign instead to sway the vote away from the candidate the majority favors. D. stay in political races, in the hopes of a miracle.
Economics