How are the fundamental economic decisions determined in Canada?
A) These decisions are made by the country's elders who have had much experience in answering these questions.
B) The United Nations decides because Canada is a developing economy.
C) Individuals, firms, and the government interact in a market to make these economic decisions.
D) The government decides because Canada is a centrally planned economy.
C
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Charging firms that emit pollutants is one way to deal with pollution
a. True b. False Indicate whether the statement is true or false
Of the following goods, which is most likely to be quite inelastic?
a. gasoline b. Chevrolet automobiles c. fresh tomatoes d. provolone cheese
The people who sit on the Federal Reserve Open Market Committee are ____________.
Fill in the blank(s) with the appropriate word(s).
As a firm hires more workers, holding capital and other factors constant, the marginal physical product of labor declines because
A) there are diseconomies of scale. B) less efficient workers are hired as the number of workers increase. C) workers don't perform well in teams. D) the amount of other inputs each worker has to work with declines as the number of workers increases.