In scientific language, a theory is an untested assertion of alleged fact.
Answer the following statement true (T) or false (F)
False
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A fall in the rate of people's time preference in general tends to
A) increase interest rates. B) decrease interest rates. C) have no effect on interest rates. D) have no effect at all in the market for credit.
A policy of raising the minimum wage is beneficial to all low-skilled workers
Indicate whether the statement is true or false
Attaining higher and higher levels of air cleanliness causes
A) additional costs to rise to increasingly high levels.
B) larger and larger increases in per capita incomes.
C) additional costs to fall to lower and lower levels.
D) larger and larger marginal benefits to society.
Refer to the information provided in Figure 13.7 below to answer the question(s) that follow. 
Figure 13.7 Refer to Figure 13.7. The figure shows a ________ monopoly.
A. profit-maximizing B. natural C. patent D. strategic resource