Production under increasing opportunity costs can result from the two industries using factors of production in different combinations

Indicate whether the statement is true or false

TRUE

Economics

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If an increase in government spending of $20 million results in a $100 million increase in GDP, then the spending multiplier is

A) 0.2. B) 2.5. C) 5. D) 20.

Economics

WTO talks in the late 1990s led to openings in both financial services and telecommunications

Indicate whether the statement is true or false

Economics