Which of the following factors has contributed significantly to more international trade since the Second World War?
A. An increase in the size of government
B. An expansion of environmental laws
C. An increase in military spending
D. A general decline in tariffs
D. A general decline in tariffs
Economics
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If an economy's investment outlook improves, leading to increased borrowing to finance new building projects, what is likely to happen to interest rates?
a) Interest rates will fall to 0%. b) Interest rates will fall. c) Interest rates will rise. d) Interest rates will stay the same.
Economics
The marginal product of a variable resource decreases as each additional unit of that resource is employed is increasing marginal returns
Indicate whether the statement is true or false
Economics