Which of the following statements is true?
A) Cultural and geographical conditions of a nation can be considered proximate causes of prosperity.
B) Stock of human capital and the geography of a nation can be considered fundamental causes of prosperity.
C) Stock of human capital and physical capital available to a nation can be considered proximate causes of prosperity.
D) Stock of human capital and the geography of a nation can be considered proximate causes of prosperity.
C
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People often complain bitterly when they learn that CEOs of non-profit companies like the United Way or the Red Cross earn salaries commensurate to what could be earned in by CEOs employed by for-profit companies? Is this complaint valid? Explain
What will be an ideal response?
Which of the following is NOT true about the supply of labor to the firm in a competitive labor market?
A) It is horizontal. B) It is perfectly elastic. C) It is equal to the marginal expenditure curve. D) It is upward sloping.
How might Roger’s Plastics Company experience an adverse selection of patients for its health insurance plan?
a. by requiring all employees to be covered under the program b. by offering voluntary insurance, which ends up getting used only by people who know they are sick c. by requiring all participants to undergo extensive screening for conditions that make them ineligible d. by offering free insurance to all employees
A pollution tax will:
A. always be paid entirely by producers. B. not change the price buyers pay for a good. C. be shared between buyers and sellers. D. always be paid entirely by buyers in the form of a price increase equal to the amount of the tax.