Several houses built in a country during a certain year got damaged due to an earthquake. Which of the following is likely to happen due to this damage?
A) The country's GDP will remain unchanged. B) The trade surplus of the country will increase.
C) The country's GDP will decrease. D) The trade deficit of the country will increase.
A
Economics
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There is very little intergenerational mobility; the children of the rich stay rich and the children of the poor stay poor
Indicate whether the statement is true or false
Economics
All things equal, the price elasticity of supply
a. will be smaller in the short run than in the long run. b. will be smaller in the long run than in the short run. c. is the same for the short run and the long run. d. approaches zero in the long run.
Economics