tRUE OR FALSE

1.Minimum wage laws check the problem of purchasing power of income and solve income inequality.*

2.In developing countries, demographic transition was slower than in developed countries.*

3.Rural-urban migration can be prevented primarily through provision of free education.*

4.Agglomeration refers to the coming together of firms whose products are correlated in a location thus allowing for the coming together of their workers.*

5.Prisoner's Dilemma takes place when the actions taken by one firm gives the incentives for other agents to take similar action.*