The W = MRP ethic states that individuals are paid according to the value of their opportunity cost
Indicate whether the statement is true or false
F
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The neoclassical theory of investment
A) links investment spending to stock prices. B) emphasizes that current investment spending depends positively on the expected future growth of GDP. C) emphasizes the role of real interest rates and taxes as determinants of investment. D) suggests that a downturn in real GDP will lead to a sharp fall in investment, which leads to further reductions in GDP through the multiplier.
Drawing the supply curve and the demand curve on the same graph helps show how price is determined
a. True b. False Indicate whether the statement is true or false
If the price of ricotta cheese, an ingredient in lasagna, increases, then
A. The market supply curve for lasagna will shift to the left. B. There will be a movement down along the market supply curve for lasagna. C. The market supply curve for lasagna will shift to the right. D. There will be a movement up along the market supply curve for lasagna.
The expected level of shirking or opportunistic behavior by an agent:
A. is always zero. B. is always less than zero. C. can always be determined accurately. D. is always greater than zero.