The productivity standard says
A. that everyone should have exactly the same income.
B. that the age-earnings cycle should determine income.
C. that people should be compensated on the basis of their need.
D. that people should be compensated on the basis of what they produce.
Answer: D
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In the figure above, what is the total revenue at point A?
A) $20 B) $150 C) $170 D) $3,000 E) 150 quantity units
In the game in Scenario 13.14,
A) R's dominant strategy is Q = 100; C has none. B) C's dominant strategy is Q = 100; R has none. C) Q = 100 is a dominant strategy for both R and C. D) Q = 100 dominates Q = 150 for both firms. E) the dominant strategy for both players is to choose the same level of output, so long as it is not 150.
If Harry only pays $25,000 to purchase a new car even though he would have been willing to pay as much as $35,000 for the car, this indicates that
What will be an ideal response?
The public assistance program that economists believe can promote economic equality at the least cost in economic efficiency is
A. Aid to Families with Dependent Children (AFDC). B. a negative income tax (NIT). C. food stamps. D. Medicaid.