Most likely, the elasticity of demand for transportation is greater than the elasticity of demand for cars.
Answer the following statement true (T) or false (F)
False
Transportation, in a general sense, has fewer substitutes because there are few alternatives of how to get from point A, to point B. Alternatively, a specific form of transportation, like that by car, has more alternatives, and thus has a higher elasticity than that of general transportation.
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If an employer cannot distinguish the ability of workers a separating equilibrium will result
Indicate whether the statement is true or false
Given a constant rate of growth of real GDP, what would lead to an increasing real GDP per capita?
a. a rate of population growth that is less than the rate of growth of real GDP b. a rate of population growth that is greater than the rate of growth of real GDP c. an increase in the size of the labor force d. an increase in the capital stock