If the country of Zorg has a birth rate of greater than 2.2 births per woman, it is likely that Zorg is an industrial market country

In a monopolistically competitive industry, firms which enter the market in the long run produce a close substitute and not a standardized product

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

In the United States, as measured by real GDP per person, average income is about how many times as high as average income a century ago?

a. 2 b. 4 c. 6 d. 8