True or False:
1) The macroeconomist studies corporations, like General Motors, while the microeconomist studies the little start-up companies.
2) The ceteris paribus assumption presumes that only one of many things that might affect a variable in the process of changing; the others stay the same during the period under consideration.
3) Even Bill Gates must deal with the fundamental economic problem of scarcity.
4) If in order to add a row of beans to his garden, Joe has to plant one fewer rows of carrots, the opportunity cost of those extra beans are the carrots Joe could have harvested.
5) If there is "too much of a good thing", the marginal cost of the last item exceeds its marginal benefit.
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