Why do we seldom see people asking to have their own wages reduced?
a. People are usually narrow-minded.
b. People usually overestimate themselves.
c. People usually look out for their own self-interest.
d. People are usually selfish.
c. People usually look out for their own self-interest.
You might also like to view...
Which of the following criticisms is NOT directed to the IMF?
A) It lacks openness in its decision-making process. B) It serves the interests of wealthier countries. C) It creates a free-riding problem. D) It violates national sovereignty. E) It is heavily bureaucratic and at times gives harmful advice.
The poverty rate for Hispanics is ______ than the rate for non-Hispanic whites and ______ than the rate for blacks.
A. higher; slightly higher B. lower; slightly lower C. higher; slightly lower D. lower; slightly higher
Suppose an economist develops a theory that higher food prices arise from higher gas prices. According to the scientific method, which of the following is the economist's next step?
a. Collect and analyze data. b. Go to a laboratory and generate data to test the theory. c. Publish the theory without testing it. d. Consult with other economists to see they agree with the theory.
Investment is a(n) ________ that changes the ________ of capital.
A. stock; flow B. flow; stock C. liability; asset D. asset; liability