To assess whether or not a good is normal or inferior, economists are interested in the cross price elasticity of demand

Suppose a student is attending your college on an athletic scholarship, and doesn't pay a penny for tuition. According to the economic way of thinking, the student's cost of attending college is

A) zero. B) bore completely by the college's athletic fund. C) positive, because the student sacrificed some other opportunity to attend your college. D) positive, because the student still needs food and housing. E) negative, because nobody really gains by trying to combine athletics with higher education.

As long as people have confidence that paper money will serve the functions of money, then it can serve the function of money

Indicate whether the statement is true or false