Other things equal, the higher the price level, the higher is the real wealth of households

Because of their higher value of marginal product

A) the demand curve for high-skilled workers lies to the right of the demand curve for low-skilled workers. B) the demand curve for high-skilled workers lies to the left of the demand curve for low-skilled workers. C) the supply curve for high-skilled workers lies to the right of the supply curve for low-skilled workers. D) the demand curve for high-skilled workers lies to the left of the supply curve for low-skilled workers.

A natural monopoly is any market in which competition and entry are restricted by the granting of a public franchise, government license, patent, or copyright

Indicate whether the statement is true or false