Movies are a major export of the U.S
a. True
b. False
Indicate whether the statement is true or false
True
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Increasing marginal returns always occurs when the
A) marginal product of an additional worker exceeds the marginal product of the previous worker. B) average product of an additional worker exceeds the average product of the previous worker. C) marginal product of an additional worker is less than the marginal product of the previous worker. D) average product of an additional worker is less than the average product of the previous worker. E) marginal product of an additional worker exceeds the average product of the previous worker.
In developing economies, national saving is often ________ relative to developed economies
A) high B) the same C) hard to tell D) low E) low for the very poor countries and high for the more developed