In economics we say the amount of land is
A. fixed.
B. variable.
C. both fixed and variable.
D. neither fixed nor variable.
A. fixed.
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The certainty equivalent of a gamble is negative when tastes are risk loving.
Answer the following statement true (T) or false (F)
A key factor in producing high economic growth is
A) eliminating foreign trade. B) well-functioning financial markets. C) high interest rates. D) stock market volatility.
A bureau's total output is decided at the same time as its budget just as in the private sector
a. True b. False
If Congress suddenly passes legislation that required all U.S. workers to receive the same annual pay, we would expect
a. less human capital investment. b. a shortage of workers to fill the least desirable jobs. c. a surplus of workers to fill the easy, desirable jobs. d. all of the above.