One person's utility cannot be compared to another person's utility.
Answer the following statement(s) true (T) or false (F)
Ans: True
Economics
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Suppose ABC Aluminum Inc owns 80% of the world's bauxite, a mineral used in the production of aluminum. Which of the following reasons describes the fundamental barrier to entry for the aluminum industry?
a. monopoly resources b. government regulation c. the production process d. Both a and b are correct.
Economics
The number of unemployed divided by the labor force equals the:
A. duration rate. B. employment rate. C. unemployment rate. D. labor-force participation rate.
Economics