In the United States, government-imposed price supports are most often associated with
A) agricultural products.
B) industrial products.
C) consumer electronics.
D) commercial building products.
A
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An example of moral hazard is
a. A taxi driver paid per mile taking the shortest route b. a piece-rate garment worker shirking more than a per jour worker c. an hourly salesman working less hard than a commission salesman d. an author on contract going to as many book signings as one with a percentage royalty rate
An entrepreneur is:
a. an employee in a factory. b. the manager of a factory. c. the person who conceives and starts a business. d. the person who contracts to work for a specific price. e. the person who does not assume any risk in business.
Does a state sales tax function as a progressive, regressive, or proportional source of revenue, and why?
What will be an ideal response?
The aggregate production function is Y = 5K0.5L0.5. If there are 49 units of capital and 16 units of labor, aggregate output is
A. 60 units B. 70 units. C. 140 units. D. 325 units.