In general, less productive workers are paid less than more productive workers

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

True

Economics

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A snack shop inside a hotel in a busy city has a monopoly on food sales if it is the only food vendor in the hotel that is open 24 hours a day

Indicate whether the statement is true or false

Economics

Which of the following statements is false?

A) A government with the power to tax can solve the free rider problem. B) A government with the power to tax can set a tax greater than the MEC when trying to change the market outcome into the efficient outcome. C) A government with the power to subsidize can set a subsidy greater than the MEB when trying to change the market outcome into the efficient outcome. D) Government can remove individuals from a prisoner's dilemma setting by changing the payoffs in the payoff matrix. E) none of the above

Economics