Workers displaced due to technological change usually find it difficult to get new jobs
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Distinguish between comparative advantage and absolute advantage
What will be an ideal response?
Economics
Monopolistically competitive firms
A) have market power because they can set price above marginal cost. B) have no market power because they earn zero economic profit. C) have no market power because of free entry. D) have no market power because price equals marginal cost.
Economics