In their calculation, concentration ratios take barriers to entry into a market into consideration

Indicate whether the statement is true or false

FALSE

Economics

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Since 1945, national defense expenditures as a percentage of GDP have _____

a. fallen from 41 percent to 3.7 percent b. fallen from 32.1 percent to 20.1 percent c. fallen from 62.3 percent to 11.5 percent d. fallen from 50.5 percent to 9.6 percent

Economics

A person's utility schedule ____________ (can/cannot) change over time.

Fill in the blank(s) with the appropriate word(s).

Economics