What is the principle of minimum differentiation?
What will be an ideal response?
The principle of minimum differentiation is the tendency for competitors to make themselves identical to appeal to the maximum number of clients or voters. This principle describes the behavior of political parties as well as that of business firms.
Economics
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Refer to Table 18-1. Use the information in the table to prepare a balance of payments account and find the value of the statistical discrepancy. Assume that the balance on the capital account is zero
What will be an ideal response?
Economics
Neo-Keynesians view the Phillips curve as a permanent relationship, unchanging over time
Indicate whether the statement is true or false
Economics