If two accountants have had the same education, amount of experience, and work at the same type of job for the same profit-maximizing firm, which charges its clients a uniform hourly fee,
a. they should earn the same amount of money
b. the one whose job is riskier should be paid more
c. the one whose job is riskier should be paid less
d. the one who has a higher marginal product (due to ability) should be paid more
e. the one who has a higher marginal product (due to ability) should be paid less
D
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When net exports increase,
A. the expenditures schedule increases. B. the expenditures schedule decreases. C. there is a corresponding increase along the aggregate demand curve. D. there is a corresponding decrease along the aggregate demand curve.
Money is defined as
a. the currency of a nation. b. anything that is commonly accepted in exchange for other goods and services. c. currency that has been designated as legal tender. d. notes issued by the U.S. Treasury and backed by gold.
The more modest alternative to the big-push approach, unbalanced development strategy investments, relies on
a. government planning and financing b. domestic entrepreneurial talent and private investment c. direct foreign aid and investment d. indirect foreign aid and World Bank aid e. forward and backward linkages to offset each other
In Macronesia, the MPC is approximately .80 . If disposable income changes from 1,000 billion pukas to 1,500 billion pukas, then consumption will change by a(n)
a. decrease of 500 billion pukas. b. increase of 500 billion pukas. c. increase of 400 billion pukas. d. increase of 800 billion pukas.