Which of the following is a property of a good economic question?
A) A good economic question should never incorporate elements from disciplines other than economics.
B) A good economic question should always have a single solution.
C) A good economic question can be answered.
D) A good economic question always addresses topics that are important to the whole society and not to an individual economic agent.
C
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Reported GDP increases when, in fact, total production is unchanged when I. there is a shift from household production to market production. II. a previously illegal activity is legalized
A) I only B) II only C) neither I nor II D) both I and II
An oligopolist does not spend money on advertising because consumers are rational in an oligopolistic market
a. True b. False Indicate whether the statement is true or false