Recall the Application about the opportunity cost of an entrepreneur to answer the following question(s).According to this Application, which of the following is currently a popular way to earn an income?
A. renting out your home through Airbnb
B. selling your kidneys
C. driving your car through Uber
D. cleaning other people's homes
Answer: A
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An example of barter is voluntary work at an old-age home
a. True b. False Indicate whether the statement is true or false
Suppose a country has a consumption tax that is similar to a state sales tax. If its government were to eliminate the consumption tax and replace it with an income tax that includes an income tax on interest from savings, what would happen?
a. There would be no change in the interest rate or saving. b. The interest rate would decrease and saving would increase. c. The interest rate would increase and saving would decrease. d. None of the above is correct.
Full employment means which of the following is zero?
What will be an ideal response?
This profit-maximizing firm produces a quantity of about ________ units.
A. 40
B. 45
C. 50
D. 55