A worker can begin receiving benefits as early as age 58.
A. True
B. False
C. Uncertain
B. False
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Consider the following statements:
a. Soda drinkers purchase more soda from a grocery store that sells soda at a lower price than other rival grocery stores in the area. b. Homeowners do not take steps to increase security even though they believe it is more costly to allow burglaries than to install security monitoring equipment. c. Manufacturers produce less of a particular cell phone when its selling price rises. Which of the above statements demonstrates that economic agents respond to incentives? A) a only. B) b only. C) c only. D) a and b. E) a, b, and c.
Because technology has automated so many functions, personal services have become cheaper in order to compete
a. True b. False Indicate whether the statement is true or false
Profit (or loss) per unit at the profit maximizing (or loss minimizing) level of output
A. is MN.
B. is LM.
C. is LN.
D. cannot be found on this graph.
Given data on capital (K), labor (N), and output (Y), and estimates of capital's share of output (a), the Solow residual is measured as
A. Y / (KaN1-a) B. Y KaN1-a C. (Y Ka) / N1-a D. 1/(Y KaN1-a)