There is only one efficient allocation of resources in an economy at one point in time
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If the GDP deflator is 142, by how much have prices changed since the base year?
A) Prices have increased by 42%. B) Prices have increased by 142%. C) Prices have decreased by 4.2%. D) Prices have increased by 58%.
Economics
Beyond some minimum level of effort, it is usually expected that teamwork will have the impact of ________ relative to individual effort.
A. leaving output the same B. reducing output C. increasing output D. reducing and then increasing the output
Economics