In the case of the Ford Pinto, Ford decided that
A) it would be cheaper to pay damages to families involved in crashes than to fix the problems with the Pinto.
B) it would be more expensive to pay damages to families involved in crashes than to fix the problems with the Pinto.
C) the problems with the Pinto could not be easily or cheaply fixed.
D) it would not be held liable for damages caused by the Pinto and therefore had no reason to fix them.
A
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An economy has the income shares information in the table above. Which of the following is TRUE?
A) The information in the table represents the income distribution in the United States. B) Income in the U.S. economy is more equally distributed than that represented in the table. C) Income in the U.S. economy is less equally distributed than that represented in the table. D) The information in the table represents the wealth distribution in the United States.
How do economic profits and losses allocate resources in an economy?
What will be an ideal response?
The incidence of a tax depends on whether the government collects the tax from buyers or sellers
Indicate whether the statement is true or false
Central banks often intervene in currency markets. This activity is called
A) managed floating. B) fixing exchange rates. C) currency warfare. D) super-pegging. E) flexible floating.