Natural monopolies are of theoretical, but not practical interest
a. True
b. False
Indicate whether the statement is true or false
False
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Matt has decided to purchase his textbooks for the semester. His options are to purchase the books online with next day delivery at a cost of $175, or to drive to campus tomorrow to buy the books at the university bookstore at a cost of $170. Last week he drove to campus to buy a concert ticket because they offered 25 percent off the regular price of $16.The benefit to Matt of driving to campus to buy the concert ticket last week was:
A. $9 B. $16 C. $2 D. $4
Labor growth depends mainly on ________ and labor productivity growth depends mainly on ________
A) population growth; increases in real GDP B) population growth; technological advances C) growth in real GDP per person; growth rate of capital D) growth in real GDP per person; technological advances
In a simplified circular flow model with no government, in equilibrium, S = I + (X ? IM).
Answer the following statement true (T) or false (F)
Speculators in the financial market:
A. act as sellers only. B. reduces risk in financial markets. C. act as buyers only. D. buy and sell assets for financial gain.