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Mark the following statements as True or False. Explain your reasoning in one line. 1) universal basic income introduced by the government will decrease the
Mark the following statements as True or False. Explain your reasoning in one line. 1) universal basic income introduced by the government will decrease the demand for healthcare services. 2). An advertising campaign by an influential public figure highlighting the health risks of fast food will have no effect on the demand for hamburgers. 3) 500 individuals sign up as drivers for a ride-sharing platform. This will discourage potential drivers from joining the platform. (Hint: externalities) 4) A decrease in the price of subway tickets will decrease the demand for last-mile bike-sharing services and electric scooters. 5) The demand for gasoline is inelastic. 6) A farmer in the US will want to use more labor compared to a farmer in Kenya
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