Invention is the act of generating a new idea.
Answer the following statement true (T) or false (F)
True
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Suppose that a mining company employs 80% of the available laborers in a town. Explain what will happen to the number of laborers hired and the wage rate paid by the mine if a minimum wage is set at the competitive level
What will be an ideal response?
Refer to the table below. The expected value of the price of the input in Country A is ________ the expected value of the input in Country B and the extent of the variation in price in Country A is ________ than the extent of variation in price in Country B.
The above table provides the probability distribution of price of an input next year in Country A and Country B.
A) the same as; greater
B) less than; less
C) the same as; less
D) greater than; greater
When interest rates go up, people are
a. more likely to borrow b. less likely to borrow c. does not affect a person's consumption d. None of the above
A natural monopoly is characterized by the fact that its average costs increase rather than decrease when its output expands.
Answer the following statement true (T) or false (F)