Economists assume that people are motivated by
A) a desire to please others.
B) the interests of the community at large.
C) self-interest.
D) morally correct behavior.
C
You might also like to view...
In the 1930s the United States charged an average tariff rate
A) that cut its exports to other countries by 50 percent. B) that exceeded 50 percent. C) that was less than its average tariff rate in 2007. D) that was less than 2 percent.
________ is defined as first pricing below fair value to drive domestic firms from the market and then pricing as monopolists
A) Predatory subsidization B) Monopoly subsidization C) Predatory dumping D) Monopoly dumping
Refer to the table above. If complete specialization occurs, and France has a labor force of 30,000 hours of labor, then after trade begins it will produce
A) 2000 units of grapes. B) 15,000 units of textiles. C) 2000 units of grapes and 6000 units of textiles. D) None of the above.
Why are transfer payments excluded from the GDP and NI? Why should they be counted as a part of personal income?
What will be an ideal response?