When transportation costs fall, consumer prices have a tendency to rise
Indicate whether the statement is true or false
False
Economics
You might also like to view...
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