The law of comparative advantage can be used to explain why many couples divide up their household duties along gender lines
Indicate whether the statement is true or false
True
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Populist policies are not successful even in the immediate short run at stimulating the economy and creating jobs
Indicate whether the statement is true or false
Social Security payments are included in personal income
a. True b. False Indicate whether the statement is true or false
If we observe that when the price of chocolate increases by 10%, total revenue increases by 10%, then the demand for chocolate is unit price elastic
a. True b. False Indicate whether the statement is true or false
What is one reason the eBay seller reputation system is important?
A) eBay transactions tend to be isolated, one-off transactions. B) eBay transactions tend to be repeat sales between the same seller and buyers. C) eBay transactions often involve stolen products. D) eBay transactions require a larger percentage than, say, Amazon transactions.