On average the productivity of an individual usually peaks when the individual is about
A. 40.
B. 50.
C. 65.
D. 25.
Answer: B
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Monopoly is a word derived from Greek origins that means, roughly, single seller. Why is the definition of monopoly as single seller inadequate in economic terms?
Other things the same, if the money supply rises by 2% and people were expecting it to rise by 5%, then some firms have
a. higher than desired prices, which increases their sales. b. higher than desired prices, which depresses their sales. c. lower than desired prices, which increases their sales. d. lower than desired prices, which depresses their sales.
Compared to proportional-representation systems, two-party systems are thought to:
A. lead to more diverse views in the policy process. B. create unwieldy combinations of policies within one platform. C. offer a wider variety of platforms among which voters can choose. D. be much less efficient and lead to very few compromises when voting.
Discuss some of the general conclusions arrived at about supply-side tax initiatives.
What will be an ideal response?