If a customs union leads to a large amount of trade creation relative to trade diversion, it may be beneficial to world welfare
Indicate whether the statement is true or false
TRUE
Economics
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Suppose that one country has a GDP that is ten percent of its richer neighbor, but the poorer country is growing at a rate of eight percent per year while the richer country is growing at a rate of two percent per year
Which country will be richer in 60 years?
Economics
How does an increase in the price level affect the aggregate quantity of goods and services demanded?
What will be an ideal response?
Economics