The government makes all economic decisions in a centrally planned economy
Indicate whether the statement is true or false
TRUE
Economics
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The other-things-constant assumption
a. allows the economist to make useful predictions b. is a prediction c. applies only to consumers' decisions, not to those of firms d. forces the economist to ignore reality, where things are constantly changing e. implies rational self-interest on the part of all economic actors
Economics
Do unions have a positive or negative effect on economic efficiency?
What will be an ideal response?
Economics