The circular flow diagram shows only the aggregate expenditures measure of GDP
Indicate whether the statement is true or false
FALSE
Economics
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A drought destroyed a large amount of orange crops in California, leading to
A) a decrease in supply of oranges. B) a decrease in quantity supplied of oranges. C) a decrease in demand for oranges. D) a decrease in quantity demanded for oranges.
Economics
Sotheby's and Christy's were found guilty of conspiring over a 6-year period to:
A. Set the same commission rates for sellers at auctions B. Split the royalties from the sale of oil and gas leases C. Fix the price of photographs sold to newspapers D. Divide up the market for book publishing
Economics