In a macroeconomic model designed to explain why some countries grow faster than others, which of these variables is likely to be endogenous?
A) investment
B) economic policies
C) geographic size
D) population
E) none of the above
A
Economics
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What did the HPAE do to share wealth across all levels of society?
What will be an ideal response?
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If the price of a good increases and the total revenue also increases, the good has a(n)
A) elastic demand. B) inelastic demand. C) unit elastic demand. D) perfectly elastic demand.
Economics