Income mobility
a. is a term used to characterize the ease of establishing residence or a business in a new area of the country.
b. has increased in recent years because of reductions in transportation cost.
c. is the term used to describe the movements up and down the economic ladder.
d. is present only when the general level of prices is rising.
C
Economics
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A cost that has already been made and cannot be recovered is called a
A) variable cost. B) fixed cost. C) sunk cost. D) marginal cost.
Economics
The growth rate of real GDP in the United States rises from 4.2% to 4.4%. Explain and calculate how this increase in the growth rate of real GDP affects the number of years it will take for real GDP to double
What will be an ideal response?
Economics