The statement "American workers are lazy" is an example of positive economic analysis
a. True
b. False
Indicate whether the statement is true or false
False
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The figure above shows the marginal revenue, marginal cost, and demand curves for an airline offering daily flights between Los Angeles and Toronto
If the airline is regulated using a marginal cost pricing rule ________ flights will be offered each month at a price of ________ per flight. A) 200; $300 B) 200; $100 C) 300; $200 D) 400; $100
If we graph the consumption function such that it cuts the vertical axis at a point above the origin, this is because we are assuming that
A) the MPC is positive. B) the MPS is positive. C) autonomous consumption is positive. D) induced consumption is positive.
One trend in labor markets is:
A. a decrease in average real wages in the United States and other industrial countries. B. an increase in the rate of real wage growth since the early 1970s. C. increasing wage inequality in the United States. D. weak rates of job creation in the United States since 1980.
Discuss the problems that can arise when a government experiences a chronic budget deficit
Please provide the best answer for the statement.