Which of the following is a characteristic or focus of economics?
A) allocation of limited resources in an effort to satisfy potentially unlimited wants
B) decision making
C) empirical analysis
D) all of the above
D
Economics
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The evidence suggests that in rich countries, a depreciation
A) immediately improves the trade balance. B) eventually improves the trade balance. C) first improves, but then worsens the trade balance. D) has no effect on the trade balance. E) none of the above
Economics
Is monopolistic competition efficient? Explain. What is Edward Chamberlin's view about the efficiency of monopolistic competition?
What will be an ideal response?
Economics