Compared to IACs, LDCs are often characterized by:
a. lower adult literacy.
b. lower per capita energy consumption.
c. lower life expectancy.
d. All of the answers are correct.
d
Economics
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How can the long-run equilibrium level of real Gross Domestic Product (GDP) increase without the price level changing?
What will be an ideal response?
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Monopolies are inefficient because, at the profit-maximizing output level,
A) MC = MR. B) MC does not equal MR. C) MB = MC. D) MB does not equal MC. E) P = ATC.
Economics