Studies and experience suggest that labor and capital are highly complementary inputs to the production of pipe organs
Indicate whether the statement is true or false
TRUE
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If people expect to have the profits from correct decisions confiscated but do not expect to be compensated for the losses from incorrect decisions, they will
A) attempt to maximize risk. B) only make choices when the outcomes are absolutely certain. C) try to do what most others are doing. D) undertake longer-range projects more frequently.
The value of a financial instrument rises as:
A. the payments are made when the prospective investor needs them least. B. the size of the payment promised decreases. C. the promised payment is made sooner rather than later. D. it is less likely the payment will be made.
Political business cycles result _____
Fill in the blank(s) with the appropriate word(s).
If the 4 largest cell service providers sales make up 56% of total sales in the entire industry, then the industry is considered to be
A. an oligopoly. B. perfectly competitive. C. monopolistically competitive. D. a monopoly.