Technological improvement always enhances the productivity of resources, and results in an increase in demand for other resources

Indicate whether the statement is true or false

false

Economics

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Compared to a perfectly competitive industry, a single-price monopoly produces

A) more output. B) less output. C) the same output. D) some amount that might be more, less, or the same depending on whether the monopoly's marginal revenue curve lies above, below, or on its demand curve. E) some amount that might be more, less, or the same depending on whether the monopoly's marginal cost curve lies above, below, or on its marginal revenue curve.

Economics

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then job search would not be a problem

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

Economics