Utils are used by economists to measure the satisfaction a person obtains from consuming a good
Indicate whether the statement is true or false
T
Economics
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GDP in a country grew from $10 billion to $14 billion over the span of 5 years. The percentage change in GDP was
A) 4%. B) 7%. C) 10%. D) 40%.
Economics
In which case do firms have some control over their price?
a. monopolistic competition and perfect competition b. oligopoly but not perfect competition c. perfect competition but not monopoly d. neither monopolistic competition nor oligopoly
Economics