The textbook authors claim
A) diabetics don't need insulin.
B) diabetics don't want insulin.
C) diabetics face no substitutes for insulin.
D) diabetics can't find insulin at a fair price.
E) none of the above.
E
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Although an improvement in technology enables perfectly competitive firms to earn a positive economic profit in the short run, entry by new firms will ensure that those profits are eliminated over time
Indicate whether the statement is true or false
Low inflation rates and high inflation rates impose different costs on society
a. True b. False Indicate whether the statement is true or false
When prisoners' dilemma games are repeated over and over, sometimes the threat of penalty causes both parties to cooperate
a. True b. False Indicate whether the statement is true or false
Which of the following events would lead to an increase in the supply of labor?
a. The price of a firm's product increases. b. A country experiences an increase in immigrant labor. c. The development of a new labor-augmenting technology. d. All of the above are correct.