An economics textbook is an example of:
a. capital. b. labor.
c. a natural resource. d. entrepreneurship.
a
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The Organization of Petroleum Exporting Countries is a
a. professional trade association for oil companies. b. cartel. c. consortium for joint ventures in oil exploration. d. loose collection of democracies that promote international pipelines.
The required rate of return that an individual demands on a real estate investment is determined in the:
A. user market B. capital market C. government D. local market
To attain a higher rate of economic growth, we need to devote___
a. a higher proportion of our production to capital goods and a lower proportion to consumer goods. b. a higher proportion of our production to consumer goods and a lower proportion to capital goods. c. a higher proportion of our production to both consumer goods and capital goods. d. a lower proportion of our production to both consumer goods and capital goods.
Assume that the average male wage rate is 20 percent higher than the average female wage rate. One can infer that:
A. customers overvalue male employers, so employers pay males more. B. this is evidence of discrimination because females should be paid the same as males. C. this is evidence of discrimination only if all factors affecting productivity are equal. D. employers undervalue female employees, so they're able to pay them less.