The key to wealth building and personal freedom is found in obtaining a high paying job.

Indicate whether the statement is true or false.


Ans: True

Economics

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Water is considered a necessity. So, is the demand for water elastic or inelastic?

What will be an ideal response?

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Volatility clustering

A) is evident in most cross-sections. B) implies that a series is serially correlated. C) can mostly be found in studies of the labor market. D) is evident in many financial time series.

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To protect economic profits

A) a firm should try to acquire a barrier to entry. B) a firm should limit substitutes. C) a firm should have a patent if possible. D) all of these choices.

Economics

Necessities such as food and shelter have inelastic demand

a. True b. False Indicate whether the statement is true or false

Economics