Individuals economize and respond predictably to
What will be an ideal response?
both positive and negative incentives
Economics
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What is a firm's markup? What does it show?
What will be an ideal response?
Economics
Refer to Figure 11-5. The vertical difference between curves F and G measures
A) sunk costs. B) average fixed costs. C) marginal costs. D) fixed costs.
Economics
As the best measure of the size of economic fluctuations associated with a business cycle, economists typically use
A) real GDP. B) the deviation of real GDP from potential GDP. C) potential GDP. D) the deviation of real GDP from nominal GDP.
Economics
What is human capital, and what factors contribute to human capital development?
What will be an ideal response?
Economics