In a competitive economy, workers will be paid according to their
A) status.
B) age.
C) marginal productivity.
D) need.
C
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What is the difference between the terms "marketing" and "advertising"?
What will be an ideal response?
Representative democracy works best _____
a. to allocate resources when constitutional rules limit the scope of collective action b. to equalize income when constitutional rules mandate a simple majority rule for all collective decision-making c. with a strong executive branch d. external costs of collective decision-making are extremely high
If the value of your debt is decreasing over time, we know that:
A. the real interest rate is negative. B. the real interest rate is positive. C. the real interest rate is zero. D. inflation is zero.
Taxes affect market participants by increasing the price paid by the buyer and decreasing the price received by the seller
a. True b. False Indicate whether the statement is true or false