Economic growth can be illustrated by an outward shift of the PPC
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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A fall in the price of a good increases the real income or purchasing power of consumers so that they are able to buy more of the product. This statement best describes:
A) the income effect. B) a complementary good. C) the substitution effect. D) an inferior good.
Economics
Why is it difficult for one country to determine if another country is guilty of the practice of dumping?
What will be an ideal response?
Economics