The merit standard refers to
A. "To each according to her need."
B. "To each according to his ability."
C. "To each exactly the same."
D. "To each according to her productivity."
Answer: D
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The double coincidence of wants problem is solved by
A) credit markets. B) government intervention. C) the use of money. D) specialization.
A firm's total product curve shows that at first it has
A) economies of scale and then diseconomies of scale. B) diseconomies of scale and then economies of scale. C) increasing marginal returns and then diminishing marginal returns. D) diminishing marginal returns and then increasing marginal returns.
Studies strongly suggest that advertising strategies are generally much more effective than pricing strategies as a means to increase market share
Indicate whether the statement is true or false
The latent poor are not included in the official poverty count as poor
Indicate whether the statement is true or false