In reality, there is not one labor market, but many.
Answer the following statement true (T) or false (F)
True
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In developing countries, the opportunity cost of an education is relatively low compared to the cost in a highly developed country
a. True b. False Indicate whether the statement is true or false
Which of the following transactions leads to an inflow of funds on the U.S. financial account?
A. A resident of China purchases U.S. government bonds. B. A U.S. resident sells wheat to an African nation. C. A resident of Mexico visits the United States. D. A U.S. resident purchases a share of stock on the Hong Kong exchange.
If the government taxes a coal company by an amount equal to the damages of each marginal ton of coal, then the coal company's marginal social cost curve is the same as the marginal ________ curve.
A. cost B. damage cost C. benefit D. private cost
The price of non-work activities is:
A) zero. B) equal to the opportunity cost of those activities. C) less than the opportunity cost of those activities. D) greater than the opportunity cost of those activities.