If two grade-school children willingly trade their lunches with one another, we can conclude that at least one of them preferred the other's lunch to his own

Indicate whether the statement is true or false


True . Either one or both preferred the other's. If only one preferred the other's, then the other must have been indifferent between the two lunches.

Economics

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What will be an ideal response?

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If a firm goes bankrupt and liquidates its assets, both stockholders and bondholders are responsible for any remaining debt.

Answer the following statement true (T) or false (F)

Economics

Assume you are a critic of welfare reforms that impose a time limit on the number of years a person is eligible for welfare benefits. What is the foundation of your critique?

Economics