Since price tends to equal total utility, the price of water is low and the price of diamonds is high
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
Think of the aggregate expenditure model. At the point where the aggregate expenditure curve intersects the 45-degree (or income) line,
a. C = I b. I = C + S c. Y = S d. Y = S + I e. S = Ii
Economics
What is comparative advantage? What is absolute advantage?
What will be an ideal response?
Economics