The demand for Country X's most important exportable product- electronic goods- is likely to double in the next 5 years. Which of the following is likely to happen in this case?
A) Consumption in Country X will rise. B) Asset prices in Country X will fall.
C) Unemployment rate in Country X will rise. D) Investment in Country X will fall.
A
Economics
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The income paid to labor is called
A) rent. B) profit. C) interest. D) human capital. E) wages.
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Government intervention can be justified on efficiency grounds when at least one of the efficiency conditions are not being met.
Answer the following statement true (T) or false (F)
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