Rapid population increase in which of the following economies may threaten and deter economic growth the most?
a. highly industrialized countries
b. an agriculture based economy
c. developed economies
d. a technology driven economy
b
Economics
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Total cost includes
A) the cost of variable resources only. B) the cost of fixed resources only. C) the cost of both variable and fixed resources. D) the cost of neither variable nor fixed resources. E) all explicit costs and all the implicit costs that actually must be paid using money.
Economics
In periods of inflation, wages generally increase to compensate for higher prices
Indicate whether the statement is true or false
Economics