Suppose that apples and bananas both cost the same, but the marginal utility of bananas is twice as high as that for apples. The consumer should purchase more bananas and fewer apples in order to maximize utility

The greater the availability of close substitutes for a product, the greater the price elasticity of demand for that product

a. True b. False

As it relates to migration, self-selection is most likely to apply to:

A. Highly-skilled immigrants B. Low-skilled immigrants C. Highly-skilled domestic workers D. Low-skilled domestic workers