If the cost of food & beverages increases by 10 percent, then, other things the same, the CPI is likely to increase by about

a. 1.5 percent.
b. 7.5 percent.
c. 10 percent.
d. 20 percent.

a

Economics

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What role does research and development play in increasing productivity?

What will be an ideal response?

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If Italy can produce grapes at a lower opportunity cost than any other nation, Italy is said to have a(n) ________ in the production of grapes

A) comparative disadvantage B) autarky C) comparative advantage D) absolute advantage

Economics