The benefits received principle means those with the least ability to pay should be the ones to receive the benefits
a. True
b. False
Indicate whether the statement is true or false
False
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The optimal combination of goods for a consumer to purchase is shown by
A. any intersection of the indifference curve and the budget line. B. the point where the budget line touches the vertical axis. C. a point of tangency between the budget line and the indifference curve. D. the point at which the indifference curve parallels the horizontal axis. E. the intersection of two indifference curves.
An index, based on a telephone survey of 500 households conducted by the University of Michigan, that measures households' attitudes regarding expected business conditions, personal financial conditions, an consumer confidence about purchasing
furniture and major household appliances is called the: A) Consumer Sentiment Index. B) Consumer Confidence Index. C) Consumer Satisfaction Index. D) Consumer Consumption Index.
Which of the following will not cause the aggregate supply curve to fall?
a. A decrease in the nation's average price level (i.e., the implicit price index). b. An increase in input prices. c. A decrease in the value of the domestic currency. d. Natural disasters. e. None of these answers is correct.
Compared to owners, employees receive a large fraction of their incomes from their employers and are consequently dependent on the fortunes of that company in the marketplace. From a ‘risk-sharing' perspective, an employee tends to prefer:
A. a flat salary. B. year-end based performance pay. C. output-based incentive pay. D. commission-based incentive pay.