People who live in countries with ________ average incomes generally live __________ lives.
A. lower; shorter
B. lower; longer
C. higher; shorter
D. higher; more meaningful
A. lower; shorter
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From the table below, choose the optimum option using marginal analysis
Option Total Cost ($) 1 150 2 100 3 80 4 70 5 90 6 120 What will be an ideal response?
If the marginal propensity to consume is very close to zero, then the multiplier
A) cannot be calculated. B) is very close to one. C) is very large. D) is very close to zero. E) might be negative if the marginal tax rate is large enough.
Producers:
A.) Provide dollars to the product market. B.) Purchase factors of production from the factor market. C.) Do not participate in the factor market. D.) Provide factors of production to the product market.
The principal-agent problem exists when
A. owners have an interest in making a profit. B. owners of an asset and the managers of that asset are the same. C. managers are dedicated to making owners a profit. D. owners of an asset and the managers of that asset are the not the same.