Do people's incomes result from the choices they make?
A) Yes, and from no constraints whatsoever.
B) Yes, but from among a limited set of options.
C) No, because obviously no one would choose to be poor.
D) No, because others often will not let people have what they choose.
B
You might also like to view...
Which of the following kinds of agreements between two or more countries would be an example of a shallow integration measure?
A) An agreement to accept another nation's certification of architects B) An agreement to unify customs forms in order to speed up cross-border traffic C) An agreement to use the same environmental standards D) An agreement to impose the same limits on cartels and monopolies E) An agreement to limit subsidies offered to domestic businesses
For a farmer, the long-run would be the current growing season, where she can vary the amount of irrigation, pesticides, and fertilizer on a fixed number of acres planted
a. True b. False Indicate whether the statement is true or false
All of the following can be barriers to entry except:
A. price discrimination. B. economies of scale. C. a firm's superior production ability. D. patents.
"Price elasticity measures how many more units of a good that consumers will buy given a decrease in price." Do you agree or disagree? Explain
What will be an ideal response?