An increase in the wage rate lowers the opportunity cost of leisure and induces people to enjoy more leisure
a. True
b. False
Indicate whether the statement is true or false
False
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An example of a tax-preferred savings account would be
A. an IRA. B. an interest bearing savings account. C. a noninterest bearing checking account. D. cash.
In reviewing discussions of life in developing countries, what is it about lifestyles in the low-income countries compared with lifestyles in the high-income countries that most strikes you? Why?
What will be an ideal response?
A monopolist price discriminates by
a. charging different buyers different prices for different products b. charging different buyers different prices for the same product c. selling at a price below average total cost d. selling at a price below marginal cost e. selling at a price above marginal revenue
Which amendment to the U.S. Constitution includes the privilege against self-incrimination?
A) First Amendment B) Second Amendment C) Fourth Amendment D) Fifth Amendment