Economists use the terms neutral good and normal good interchangeably

Indicate whether the statement is true or false

False

Economics

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The total willingness to pay for a given number of units of a good or service is determined by multiplying the equilibrium price of the good by the number of units purchased

Indicate whether the statement is true or false

Economics

Which of the following measures of effectiveness is not a surrogate measure?

a. Cholesterol level b. Blood pressure c. Tumor size d. Hip fracture e. Bone-mass density (BMD)

Economics