Health and education are two of the lynch pins of economic development.
Answer the following statement true (T) or false (F)
True
Economics
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A firm's average cost is $20, and it charges a price of $20. The Lerner index for this firm is:
A. 0.20. B. 0.33. C. 0.50. D. insufficient information.
Economics
If the income effect is ________ the substitution effect, the labor supply curve is vertical.
A. equal to B. greater than C. unrelated to D. smaller than
Economics