The neoclassical theory of investment says both real interest rates and taxes are important determinants of investment
Indicate whether the statement is true or false
TRUE
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Skis and snowboards are close substitute goods. A ________ in the price of snowboards would tend to ________ the demand for ________
A) rise; increase; snowboards B) rise; decrease; snowboards C) rise; decrease; skis D) rise; increase; skis E) fall; increase; snowboards
If the market price is at equilibrium, the deadweight loss is zero
Indicate whether the statement is true or false
Entrepreneurs who earn arbitrage profit are able to do so by extracting the total consumer surplus from buyers
Indicate whether the statement is true or false
Compared with the average man, the average woman pays
A) less for health insurance but more for life insurance. B) less for life insurance but more for health insurance. C) more for life and health insurance. D) less for life and health insurance.