Between 2002 and 2014 the number of workers employed in construction fell while the number of workers employed in food services rose
a. True
b. False
Indicate whether the statement is true or false
True
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How are money cost and opportunity cost related to each other?
a. If markets function well, they are closely related. b. They are always identical in any economic system. c. Opportunity cost always exceeds money cost. d. Money cost is less than or equal to opportunity cost. e. In a market economy, they are always equal to each other.
Answer the following statement(s) true (T) or false (F)
According to economist Paul? Romer, ideas are what drive economic growth.
Households receive bonds when they
A. purchase a share of ownership in firms. B. sell shares of a firm's stock. C. borrow money from financial institutions. D. lend money directly to firms.
If diminishing marginal returns have already set in for Danica's Dog Training Emporium and the marginal product of the fifth dog trainer is 18, then the marginal product of the fourth dog trainer must be
A. greater than 18. B. negative. C. less than 18. D. zero.