Most of the income of Americans comes from
a. transfer payments.
b. individuals selling their labor services.
c. the ownership of bonds and corporate stocks.
d. the ownership of small businesses.
B
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Which is NOT an example of moral hazard
a. people eat more at all-you-can-eat buffets b. loggers clear-cut a tract of land rather than when paying per tree felled c. Drivers of heavier, safer cares are less likely to run stop signs d. workers on commission work harder than those paid an hourly wage
During the 2007–2009 financial crisis, the U.S. government decided that Lehman Brothers was not too big to fail and that AIG was too big to fail.
Answer the following statement true (T) or false (F)
Refer to the above graph. The pure monopolist firm will charge a price of:
A. P1. B. P2. C. P3. D. P4.
What is the present value of $100 two years from now at an interest rate of 6%?
A) $6 B) $89 C) $94.34 D) $106