Which of the following statements is true?

A) Right-handed people typically earn more than left-handed people.
B) People who drink alcohol typically earn more than people who do not drink.
C) People who played sports in high school typically earn less than people who did not play sports.
D) People regarded as beautiful typically earn no more than people who are ordinary looking.

B

Economics

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In perfectly competitive markets, economic losses are the signal for firms to exit from the industry.

Answer the following statement true (T) or false (F)

Economics

A common economically unfounded fear held by laypeople is that:

A. the United States has a comparative advantage in the production of all goods. B. a U.S. trade surplus will result in a dramatically lower dollar. C. globalization will result in the United States losing most jobs because wages are so much higher in the United States. D. globalization will result in dramatically higher prices because most services will be outsourced.

Economics