Economist Douglass North suggests that the term used to describe government bodies, development agencies, and international groups should be:
A. organizations.
B. institutions.
C. agencies.
D. groups.
A. organizations.
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An asset category that caries the highest interest rate is
A) checkable deposit accounts. B) loans. C) cash in the bank vault. D) savings deposits.
The way most insurance companies determine their premiums might best be described as ______.
a. individualized service b. one size fits all c. playing the averages d. random selection
Which of the following explains the differences in earnings by race?
A. differences in productivity B. racial discrimination C. differences in education and work experience D. All of these
If the price is greater than the average variable cost, the firm should produce
A. where AVC is minimized. B. the loss the firm makes from shutting down (its TFC) is greater than the loss they make as a result of producing. C. where MC=MR. D. the loss the firm makes from shutting down (its TFC) is less than the loss they make as a result of producing.