Average indexed monthly earnings are derived from the worker's earnings history and determine the primary insurance amount (PIA).
A. True
B. False
C. Uncertain
A. True
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The optimal consumption bundle is the point representing a consumption-leisure pair that is on the
A) lowest possible indifference curve and is on or outside the consumer's budget constraint. B) lowest possible indifference curve and is on or inside the consumer's budget constraint. C) highest possible indifference curve and is on or outside the consumer's budget constraint. D) highest possible indifference curve and is on or inside the consumer's budget constraint.
The demand curve for a monopolist differs from the demand curve faced by a competitive firm because the demand curve for:
A. a monopolist is the market demand curve. B. a monopolist lies below its marginal revenue curve. C. a competitive firm lies above its marginal revenue curve. D. a competitive firm is inelastic.
If pollution is bad, why do we still use pollution-causing resources such as coal and oil to generate electricity?
A) Governments lack the political will to enforce the use of pollution free resources. B) The cost of using pollution free resources to generate power in many circumstances is much higher than generating that same power through conventional pollution-causing means. C) Pollution is only a private cost. D) The transaction costs of pollution is too low.
Related to the Economics in Practice on page 36: The results of the survey conducted by Esther Duflo and Abhijit Banerjee found that in extremely poor societies
A. all consumption decisions are made by the government. B. household choice plays no role in consumption decisions. C. the only consumption decisions in which household choice plays a role is in the consumption of biological needs such as food. D. household choice even plays a role in non-food-related consumption decisions.