Which of the following could contribute to a rise in GDP yet may not be economically beneficial?
a. building schools
b. water treatment plant construction
c. tobacco sales
d. airport construction
c. tobacco sales
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Adverse selection in insurance requires that
a. all people face the same risk b. potential customers facing more risk are no more interested in purchasing insurance c. people are risk averse d. insurers can tell higher risk people from lower risk people
Describe what happens to nominal and real interest rates, investment and aggregate demand when money supply shifts right or left, other things equal. When money demand shifts right or left
The extra wage that is paid to an individual to attract him/her to a less desirable job is called
A. the specific training human capital difference. B. a compensating wage differential. C. the general training human capital difference. D. the benchmark competitive wage.
How might a clothing store differentiate itself from its competitors? List at least three ways