Per capita output is a measure of economic welfare of a country.
Answer the following statement true (T) or false (F)
True
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One of the things that employers can do to lessen the moral hazard problem involving their employees is to pay them in advance for their work
a. True b. False Indicate whether the statement is true or false
It is possible that a firm in a perfectly competitive market earns a negative profit in the long run.
Answer the following statement true (T) or false (F)
One main difference in the rulings on the 1945 Alcoa case and the 1956 Dupont cellophane case is that the Alcoa case:
A. Focused on structure whereas the Dupont case focused on behavior B. Focused on behavior whereas the Dupont case focused on structure C. Defined the market broadly whereas the Dupont case defined the market narrowly D. Defined the market narrowly whereas the Dupont case defined the market broadly
When disposable income is 6,000, savings is
A. 4,000.
B. 4,500.
C. 2,000.
D. 1,500.