Social Security benefits have played an important role in the improved economic status of the elderly over time.
A. True
B. False
C. Uncertain
A. True
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Economic rent is most closely associated with
A. profits. B. land. C. entrepreneurs. D. interest.
Japanese businesses switch to an improved inventory method that increases output per worker worked This will cause a ______________ Japan's per-worker production function
Fill in the blank(s) with the appropriate word(s).
Exports are:
A) positively related to the level of foreign income and negatively related to the exchange rate. B) positively related to the level of foreign income and positively related to the exchange rate. C) negatively related to the level of foreign income and negatively related to the exchange rate. D) negatively related to the level of foreign income and positively related to the exchange rate.
If a monopoly firm sells to competitive distributors and the distributors have a constant marginal cost of $4 and they are charging the profit-maximizing retail price of $12, what is wholesale price of the product?
A) $16 B) $4 C) $8 D) $12