College graduates now earn nearly five times as much as their high school-educated peers but the gap is falling
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is true?
A) Non-bank institutions are also a part of the credit market. B) People who lend money are known as debtors. C) People who borrow money are known as creditors. D) Money that is lent out is considered to be a liability.
Sequential games provide the opportunity to use real options
Indicate whether the statement is true or false
The situation in which the long-run average cost curve exhibits economies of scale over the entire range of output is called a "natural monopoly
" Explain why, in the case of a natural monopoly, it would be cost efficient to have a single firm serve the entire market.
In response to a price change for good Y, if the cross-elasticity of demand for good Y is negative, good X and good Y are substitutes
a. True b. False Indicate whether the statement is true or false