In a laissez-faire system, the price mechanism dictates the production planning decisions
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Sophisticated theoretical arguments supporting import-substitution policies include
A) terms of trade effects. B) scale economy arguments. C) learning curve considerations. D) the problem of appropriability. E) domestic market failure arguments.
Economics
The short-run aggregate supply curve is: a. upward-sloping
b. downward-sloping. c. horizontal. d. vertical.
Economics