In reality, reliable information is usually costly for both consumers and producers
Indicate whether the statement is true or false
true
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One of the defining characteristics of a perfectly competitive market is what type of product ?
Use the following table to answer the question below.Alexandra's Production Possibilities ScheduleNatalia's Production Possibilities ScheduleNumber of Scarfs Knitted per dayNumber of Sweaters Knitted per dayNumber of Scarfs Knitted per hourNumber of Sweaters Knitted per hour040433236242916112080What is the minimum a scarf would be traded for in this example?
A. 1/3 of a sweater B. 2 sweaters C. 1/2 of a sweater D. 3 sweaters
Under "trickle down", additional economic activity will benefit the poor
Indicate whether the statement is true or false
Which of the following is the best example of a nonrenewable resource?
A. forests B. oil C. solar power D. clean air