Your authors argue that empathy, courtesy, and tolerance
What will be an ideal response?
can make it easier for a society to reduce negative externalities by changing their self-interests to take into account other people's interests.
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By international standards, the household saving rate of the United States:
A. has always been very high. B. was extremely high until the 1980s. C. has not ever really been high. D. was low through the 1970s and 1980s, but increased throughout the 1990s to become one of the highest.
Which of the following is NOT considered one of the factors of production?
A) land B) labor C) capital D) technology E) entrepreneurship
A monopolist maximizes profit:
a. by charging the highest possible price on the demand curve. b. by charging a price that equals its marginal cost. c. by producing a level of output where the average-cost curve intersects the demand curve. d. by producing a level of output where marginal revenue equals marginal cost. e. by charging a price equal to its average total cost.
If the union and management cannot come to terms on a labor contract, one legal weapon the union can employ to put pressure on management is to
a. engage in industrial sabotage b. strike c. reveal the firm's trade secrets d. spread false rumors about the financial health of the firm e. engage in collective bargaining