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In the Manufacturing Sector,the Percentage of Purchases to Sales Averages

question 92

True/False

In the manufacturing sector,the percentage of purchases to sales averages 55 percent.


Definitions:

Factors

Variables or components that contribute to a particular outcome or situation.

Deadweight Loss

The loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable.

Excise Tax

A tax levied on the sale of specific goods and services, such as tobacco, alcohol, and gasoline.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded.

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