Economic growth at constant prices will never lead to a fall in the output of one good

Indicate whether the statement is true or false

FALSE
Explanation: The Rybczynski theorem proves otherwise.

Economics

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What is the difference between induced and autonomous expenditure? Which components of aggregate expenditure fall under which category?

What will be an ideal response?

Economics

The revenue collected by an income tax is a function of the average tax rate

a. True b. False

Economics