Couples marrying at younger ages in colonial America than in Europe contributed to the relatively higher birth rates
Indicate whether the statement is true or false
False
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Fill in the blank: Wealth, in the economic way of thinking, is ________
A) whatever people value B) owned financial assets C) impossible to study scientifically D) indefinable E) any material thing
Suppose an oligopolistic firm raises the price of its output. Demand for the firm's output will be relatively price ________ if the other dominant firms in the market ________
A) elastic; do not raise price B) unit elastic; do not raise price C) inelastic; also raise price D) cannot be determined
Intellectual property is
a. a special form of capital b. a type of labor c. a special type of service d. cheap to produce, but expensive to transmit e. a kind of entrepreneurial ability
Compound interest means that:
A. you get an interest deduction if you take out a loan for longer than one year. B. you get interest on interest. C. interest rates will rise on larger loans. D. you get an interest deduction for paying your loan off early.