There has been a massive relocation of heavy industry from the U.S. Northeast and upper Midwest to the "Sun Belt."
Indicate whether the statement is true or false
False (it is a myth.)
Economics
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In the current year, the CPI is 160 and during the previous year the CPI was 181. The inflation rate between these years is
A) 11.6 percent. B) -13.1 percent C) -013.1 percent. D) -11.6 percent. E) 13.1 percent.
Economics
Whether a cross-price elasticity of demand is positive or negative indicates whether the:
A. goods are substitutes or complements. B. elasticity is reported in absolute value. C. good's demand is elastic or inelastic. D. good is a luxury or a necessity.
Economics