Robert Higgs and Louis Stettler (1970) find evidence to suggest that colonial couples married at a younger age than those in Europe, thus explaining the relatively high birth rates in colonial America
Indicate whether the statement is true or false
False
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The data in the table above shows the relationship between the Joneses' total consumption and total household income. Based on these data, total consumption varies
A) directly with their total household income. B) independently of their total household income. C) inversely with their total household income. D) negatively with their income.
In the above figure, if the price is $10, a profit-maximizing perfectly competitive firm will
A) produce 40 units. B) produce 25 units. C) produce 10 units. D) choose not to produce.
Corporations are legally owned by their shareholders
Indicate whether the statement is true or false
Fiat money is money by government decree.
Answer the following statement true (T) or false (F)