Which of the following skills would the study of economics help promote?
A. problem solving
B. memorization
C. critical thinking
D. problem solving and critical thinking only.
Answer: D
Economics
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Suppose Clem's Chemical Company wants to increase its total revenue. If there are few substitutes for Clem's Chemicals
A) Clem should increase the price of his chemicals. B) Clem should decrease the price of his chemicals. C) the demand for chemicals is elastic. D) Clem will not be able to change the price of his chemicals.
Economics
In 2009, high-income economies with only about one eighth of the world's population produced almost three-fourths of the worlds output
a. True b. False
Economics