The Boskin Commission found that the CPI ______ the true inflation rate.

If the factor price equalization theorem is true then, eventually, U.S. wages will fall to the level found today in the least developed countries of the world

Indicate whether the statement is true or false

Economies of scale can benefit consumers to the extent that the costs of production incurred by the firms in the industry are lower than they would otherwise be

At the same time, the price-setting power of those firms is increased, which could hurt consumers. Indicate whether the statement is true or false