The distribution of wealth is skewed because more families are below the average level of wealth than are above

Indicate whether the statement is true or false

TRUE

Economics

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Explain why specialization and trade increases a country's overall level of consumption

What will be an ideal response?

Economics

If the units of variable input in a production process are 1, 2, 3, 4, and 5, and the corresponding total outputs are 30, 34, 37, 39, and 40, respectively. The marginal product of the fourth unit is:

a. 2. b. 1. c. 37. d. 39.

Economics