Answer the following statement(s) true (T) or false (F)

Population growth can have both a positive and a negative impact on economic growth.

True

Economics

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The following figure shows the demand curves for baby formula. Which of the following changes is likely to happen if the price of baby formula increases?

a. a shift of the deman curve from D2 to D1
b. a movement from point b on the demand curve D1 to point c on the demand curve D2
c. a shift of the demand curve from D1 to D2
d. a movement along the demand curve D2 from point d to point c
e. a movement along the demand curve D1 from point a to point b

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Economics

A fair game is a game in which the chances are 50-50 that you win or lose

Indicate whether the statement is true or false

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Economics

If an additional dollar spent on monitoring would reduce shirking by 10 minutes, then the firm will increase the worker's wage by $1 if this caused

A) shirking to increase by less than 10 minutes. B) shirking to decrease by more than 10 minutes. C) shirking to decrease by less than 10 minutes. D) monitoring to become unnecessary.

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Economics

In Table 1, Tony's income elasticity of demand for steaks is

A) 1.0. B) greater than 1.0. C) less than 1.0. D) zero.

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Economics