What is productivity?
What will be an ideal response?
The amount of output from a unit of an input
Economics
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A principle is a self-evident truth that most people readily understand and accept
Indicate whether the statement is true or false
Economics
Many nations have formed customs unions that ended tariffs and trade restrictions among its members, and adopted uniform tariffs for nonmember countries. Which of the following is a successful example of such a customs union?
(A) Asia-Pacific Economic Cooperation (APEC) (B) World Trade Organization (WTO) (C) European Union (EU) (D) North American Free Trade Agreement (NAFTA).
Economics