I don't need explain

All true or false questions.

16. The supply of a particular resource will generally be more price elastic in the long run.

17. The inflation premium is the component of a money interest rate that reflects compensation to the lender for an expected increase in the general price level.

18. If steel workers obtain a substantial wage increase in their new labor contract, employment in the steel industry will likely fall by a lot if the demand for steel in the Product Market is relatively price elastic.

19. Since 1960, medical-care prices have fallen, on average, more than twice as rapidly as consumer prices in general.

20. The demand for a human resource will be less elastic if there is a large amount of physical capital that can be employed as a substitute for it in the Transformation Process.

21. The average wage rate in the United States is high in comparison with other countries largely because of the large amount of physical and human capital with which the average American works.

22. Because the U.S. has a progressive income tax system, the distribution of income among households after taking into account the effects of taxes and transfer payments is more equal than the distribution of before-tax income.

23. Like other income transfer programs, the eligibility for means-tested transfers depends upon income status.

24. If all workers had identical levels of education in the economy, then all workers would likely have equal earnings.

25. If the supply of computer science majors in college increases relative to the demand for them, a degree in computer science will become more attractive to students who are investing in their own human capital.

26. To expand the availability of capital in an economy, current consumption must be increased.

27. A profit-maximizing employer should hire workers as long as their marginal revenue product is not a negative number.

28. The average wage rate in the United States is high in comparison with other countries largely because of the small amount of physical and human capital with which the average American works.

29. If an economy is to achieve a higher level of investment, an increase in personal saving will be required.

30. If employers can hire equally productive minority employees at a lower wage than other workers (because other firms are discriminating against them) theprofit motive give the employers a strong incentive to avoid hiring the minority workers.

31. Employee compensation in the form of health insurance is not currently subject to personal taxation, making it more desirable for people to get health insurance provided by their employer, rather than purchasing it themselves form a private insurance company.