In a market economy, private parties are more willing to do transactions when they know that the government is able to:
A. Investigate and arrest people at random
B. Force people to do or not do things involuntarily
C. Discriminate against one group or another in society
D. Revoke private agreements and contracts
B. Force people to do or not do things involuntarily
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Economic growth occurs as a result of all of the following EXCEPT
A) more labor hours. B) growth of capital. C) technological progress. D) less saving.
Banks became more willing to make subprime loans because of:
A. securitization. B. leveraging. C. hedging. D. herd behavior.
An example of a job that usually involves a revenue-sharing plan would be:
A. car salesman. B. insurance agents. C. waiters and waitresses. D. All of the statements associated with this question are correct.
If the market price is less than a perfectly competitive firm's average total cost, what sort of profit or loss is the firm earning?
What will be an ideal response?