Professional male golfers make far more income than do professional female golfers. The reason for the wage difference is
A. the demand for male golfers is far greater than the demand for female golfers.
B. gender discrimination.
C. compensating differentials.
D. the supply of male golfers is far greater than the supply of female golfers.
Answer: A
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Which of the following information about fiat money is false? Fiat money
A) has little to no value except as money. B) serves as a medium of exchange. C) is backed by gold. D) is authorized by a central bank or governmental body.
If marginal product increases with an increase in the variable input, the marginal cost must also increase as more units of the input are hired
a. True b. False Indicate whether the statement is true or false
Private goods are both
a. excludable and nonrival in consumption. b. nonexcludable and rival in consumption. c. excludable and rival in consumption. d. nonexcludable and nonrival consumption.
If a nation is going to achieve and sustain a high rate of economic growth, it must
What will be an ideal response?