The merit standard refers to
A) "To each according to her need."
B) "To each exactly the same."
C) "To each according to her productivity."
D) "To each according to his ability."
Answer: C
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If an average cost pricing rule is imposed on the firm in the figure above, the firm will produce
A) 5 units. B) 20 units. C) 30 units. D) 40 units.
In the classical view, flexible wage rates would assure
A) low inflation. B) high rates of unemployment. C) high secular inflation rates. D) full employment.
One way to measure national debt over time is relative to: a. the cash flow of the banking system
b. the economy's production and income. c. credit sales of consumer durables over a year. d. national home sales in large cities. e. the economy's savings.
If the euro per dollar exchange rate changes from $1 = 0.8 euros to $1 = 0.7 euros, it implies that the euro has depreciated against the dollar
a. True b. False Indicate whether the statement is true or false