Human capital is equally, if not more, important than physical capital.
Answer the following statement true (T) or false (F)
True
Economics
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One of the most obvious clues to the relative scarcity of a product is
A) the limited selection of colors. B) the quality of the product. C) the variations in available sizes. D) its current market price.
Economics
When there is a negative externality in a market, too much of the good is produced
Indicate whether the statement is true or false
Economics
Contrary to the product market, in the currency market demand is positively sloped reflecting the greater speculative yield potential from high priced currencies
Indicate whether the statement is true or false
Economics
As we move down a straight-line demand curve, the price elasticity becomes
a. larger. b. smaller. c. larger, then smaller. d. smaller, then larger.
Economics