In one month, Moira can knit 2 sweaters or 4 scarves. In one month, Tori can knit 1 sweater or 3 scarves. Together, they could produce more output in total if Moira knits only sweaters and Tori knits only scarves

Monopolistically competitive firms achieve allocative efficiency but not productive efficiency

Indicate whether the statement is true or false

A key assumption in the segmented markets theory is that bonds of different maturities

A) are not substitutes at all. B) are perfect substitutes. C) are substitutes only if the investor is given a premium incentive. D) are substitutes but not perfect substitutes.