Unilateral transfers involve money being sent abroad without any direct good or service being received.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. Unilateral transfers involve money being sent abroad without any direct good or service being received.
Economics
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The fishing and whaling occupations in the early colonies:
a. never amounted to a significant economic force. b. were a major influence in the early colonial economy. c. started only in the eighteenth century. d. were mixed in their economic impact, with fishing being the least important and whaling being most important.
Economics
In the one-input model of production, increasing marginal product implies non-convexity of the producer choice set.
Answer the following statement true (T) or false (F)
Economics