According to the Incentive Principle:
A. people tend to do more of something when its benefits are greater.
B. benefits are more important than costs in making a decision.
C. it is irrational to perform volunteer services.
D. people will always take the highest-paying job they are offered.
Answer: A
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As output increases, total fixed cost
a. increases. b. remains constant. c. rises and then falls. d. falls and then rises.
Alan Garcia
A) in his first Presidency in Peru, followed free market economic policies. B) nationalized the property of the financial services sector during his first Presidency. C) was never freely elected in Peru and ruled with the support of the military. D) maintained balanced budgets and helped Peru avoid the economic problems most Latin American nations were experiencing in the 1980s.
What are the effects of an expansionary monetary policy on interest rates and output in an open economy with fixed exchange rates?
What will be an ideal response?
Any two goods are said to be _____ if they are consumed jointly in a specific proportion
a. perfect complements b. merit goods c. perfect substitutes d. public goods