A binding minimum wage creates a shortage of labor
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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When people make decisions about the quantity of education to undertake, they balance the marginal social benefit against the marginal private cost
Indicate whether the statement is true or false
Economics
The gambler's fallacy is
A) true in many games, such as flipping coins. B) a result of overconfidence. C) the false belief that past events affect current dependent outcomes. D) the false belief that past events affect current independent outcomes.
Economics