The ILO approach to combating child labor stresses
(a) encouraging parents to migrate to the cities in search of work.
(b) banning child labor.
(c) tackling the sources of poverty.
(d) all of the above.
B
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Which of the following is true?
A) An outstanding credit card balance is an asset that adds to your personal wealth. B) Interest rates charged by credit card companies are generally high because the loans are unsecured. C) The power of compound interest benefits those with outstanding credit card balances. D) An unused balance on your credit card is like money in the bank.
The market in Figure 15.1 produces:
A. the efficient amount of the good. B. less than the social optimum quantity. C. more than the social optimum quantity. D. the right amount of the good.
The two primary objectives of the Fed are:
A) low and predictable levels of inflation, and interest rates above 10%. B) zero inflation, and zero unemployment. C) low and predictable levels of inflation, and zero unemployment. D) low and predictable levels of inflation, and maximum levels of employment.
The marginal productivity principle implies that
a. quantity demanded of an input normally declines as the input price falls. b. at equilibrium, profit from the last unit of input will be zero. c. for maximizing profit, marginal revenue product should be greater than price. d. marginal productivity of inputs increase when price of inputs increase.