Contingency fees
a. are illegal in many countries.
b. are calculated as a percentage of the total damage award.
c. are similar to punitive damages.
d. according to some reformers, should be increased to discourage further lawsuits.
b. both a and b.
B
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Suppose the intersection of the IS and LM curves is to the right of the FE line. What would most likely eliminate a disequilibrium among the asset, labor, and goods markets?
A) A rise in the price level, shifting the LM curve up and to the left. B) A fall in the price level, shifting the LM curve down and to the right. C) A rise in the price level, shifting the IS curve up and to the right. D) A fall in the price level, shifting the IS curve down and to the left.
Suppose the economy's production function is Y = AK0.3N0.7. If K = 2000, N = 100, and A = 1, then Y = 246. If K and N each increase by 5 percent, and A is unchanged, by how much does Y increase?
A) 5% B) 10% C) 15% D) 20%
What is the relevance of the marginal productivity principle in explaining the use of inputs in production?
Utility is the benefit a consumer gets from consuming a good.
Answer the following statement true (T) or false (F)