When transportation costs fall, consumer prices have a tendency to rise

Indicate whether the statement is true or false

False

Economics

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One of the main sources of comparative advantage is internal economies

Indicate whether the statement is true or false

Economics

Suppose interest of 5% for two years can be earned on $1,000 saved today with no risk. What is the least amount a person would need to have a 50% chance of winning to be willing to face a 50% chance of losing $1,000 today and be considered risk averse?

a. $907.03 to be paid in two years b. $1,000.01 to be paid in two years c. $1,100.01 to be paid in two years d. $1,102.51 to be paid in two years

Economics