Negative incentives:
a. increase benefits or reduce costs
b. increase behaviors.
c. decrease benefits or increase costs.
d. include both cash subsidies and taxes.
c
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Which of the following pairs of goods is likely to be considered complements?
A) Nokia and Samsung cell phones B) Laptops and electric heaters C) Motorcycles and typewriters D) Pens and writing pads
Explain why price and wage stickiness in the short run are reasons that macroeconomic shocks can result in fluctuations in total employment and total production
What will be an ideal response?
If a firm is producing an output level at which marginal revenue exceeds marginal cost, the firm will increase profits by reducing its output level
a. True b. False Indicate whether the statement is true or false
An example of income earned but not received is
A) welfare payments. B) Social Security payments. C) undistributed profits. D) a and b E) a, b, and c