Australia has one of the most heavily subsidized agricultural sectors as a percentage of domestic GDP

The size of a family or household does not affect the data used to measure income inequality

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

What role do losses play in a competitive price-searcher market?

a. They penalize a firm for producing a differentiated product. b. They signal that more resources are needed in a particular market. c. They show firms that barriers to entry are high. d. They send a message that more value would be created if the resources were used to produce other goods.