In general, risk-averse individuals experience diminishing marginal utility from income.
Answer the following statement true (T) or false (F)
True
Economics
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If the price of apples goes down, then the demand for pears will
A) increase, assuming apples and pears are substitutes. B) decrease, assuming apples and pears are substitutes. C) decrease, assuming apples and pears are complements. D) remain constant, assuming apples and pears are related goods.
Economics
The behavior of exchange rates has very little to do with the values used in financial statements
Indicate whether the statement is true or false
Economics