Which of the following is considered a contributive standard for the distribution of income?
A. rewarding workers according to their productivity
B. rewarding workers according to the number of their dependents
C. rewarding workers according to their needs
D. all of these
Answer: A
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A main function of money is to avoid the need for double coincidence of wants. This is the
a. medium of exchange function. b. standard of value function. c. standard of deferred payment function. d. store of value function.
When Fed policy is being used to offset a contractionary gap, which of the following variables decreases as a result? a. Aggregate demand
b. Investment. c. Net Exports. d. None of the above variables decreases as a result of Fed policy to offset a contractionary gap..
When firms advertise their products, they are attempting to:
A. shift the supply curve of the product to the right. B. shift the supply curve of the product to the left. C. shift the demand for the product to the right. D. shift the demand for the product to the left.
Refer to the scenario above. Which of the following is true in this case?
A) Firm A's dominant strategy is to choose Strategy X. B) Firm B's dominant strategy is to choose Strategy Y. C) Firm A chooses Strategy X if Firm B chooses Strategy Y. D) Firm A chooses Strategy Y if Firm B chooses Strategy Y.