An event is productive as long as
A) it is incurred without any opportunity cost.
B) it increases wealth.
C) the value of the inputs exactly equals the value of the output.
D) it creates a new material object.
E) all of the above are true.
B
Economics
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Other things the same, as the price level falls, the exchange rate rises. A rise in the exchange rate leads to a decrease in net exports
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following has been a century-long trend in the United States?
A. Decline of total value of world trade. B. Relative decline in service sector to manufacturing. C. Relative increase in farming to manufacturing. D. Relative decline in manufacturing to the service sector.
Economics