Which of the following countries is least likely to have a dual economy?

The substitution effect is thought to dominate the behavior of low-wage workers

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

Which of the following is a risk that investors undertake when purchasing stocks?

a. An individual stock can rise and fall unpredictably. b. Nearly all stocks in the stock market may rise or fall together, when expectations about the entire economy change. c. Both a and b are true. d. Neither a nor b is true.