Which of the following is true?
a. Changes in personal costs and benefits will exert a predictable influence on the choices of people.
b. If one individual gains from an economic activity, then someone else must lose.
c. If a good is provided free to an individual by government, its production will not consume valuable scarce resources.
d. If the intentions behind a policy are good, you can be assured that the outcome will be desirable.
A
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Estimating the value of an injured or deceased person's life by calculating what he or she would have earned over the remainder of his or her life is called the
A) compensating differential approach. B) death-and-taxes approach. C) lost-income approach. D) earnings-bracket approach.
What role should the government play with respect to the agricultural sector in developing countries in their attempt to alleviate poverty?
What will be an ideal response?
All points on a demand curve are optimal consumption points
a. True b. False Indicate whether the statement is true or false
The poverty line
A. is shifted downward from year-to-year. B. is constant. C. is raised from year-to-year. D. is tied to the unemployment rate.