If you want to earn a high income you should figure out what others value because
a. others will be willing to pay attractive prices for things they value.
b. you will be able to gain at the expense of others.
c. you will not have to compete in the job market.
d. you will then be able to charge higher prices than alternative suppliers.
a. others will be willing to pay attractive prices for things they value.
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To compare the price of a loaf of bread produced in 1993 with the price of a loaf produced in this year, you should compare the value of the bread in
A) CPI quantity. B) real quantity. C) nominal prices. D) nominal quantity. E) real prices.
A major factor in determining the rational expectation of inflation is
A) the size of the budget deficit. B) forecasts of the Fed's monetary policy. C) forecasts of fiscal policy. D) the previous month's unemployment rate. E) the recent past behavior of the stock market.
Featherbedding refers to the practice of: a. disallowing members from joining labor unions
b. hiring lesser number of laborers than what is required. c. terminating employment without notice. d. hiring more laborers than what is necessary.
Tax creates a deadweight loss
What will be an ideal response?