Large income differences will be eradicated if the market mechanism is working well.
Answer the following statement true (T) or false (F)
False
Economics
You might also like to view...
An increase in the prison population would tend to cause, other things the same, a decrease in ________
A) federal disabilities benefits B) the use of temporary workers C) the college premium D) the natural rate of unemployment
Economics
If a firm triples inputs and produces three times the output, then there are
A) constant returns to scale. B) diminishing marginal product. C) decreasing returns to scale. D) increasing returns to scale.
Economics
What are menu costs and why does high inflation increase menu costs?
Economics
In the prisoner's dilemma, both players have an incentive to cheat, even though they would both be better off if they both cooperated.
a. true b. false
Economics