Due to Pigou's "defective telescopic faculty," a market economy is inefficient in allocating resources between the present and the future
a. True
b. False
Indicate whether the statement is true or false
True
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At the household level, higher saving rates lead to ________ and greater economic security.
A. greater current consumption B. greater wealth C. less current income D. less wealth
Which of the following is true regarding managerial diseconomies?
A) Managerial diseconomies incentivize vertical integration. B) Managerial diseconomies are a cost associated with vertical integration. C) Managerial diseconomies incentivize backward integration. D) Managerial diseconomies incentivize forward integration.
A problem with official U.S. poverty data is that they
a. omit the rural poor b. do not account for inflation c. omit in-kind transfers such as food stamps d. do not reflect changes in the cost of living e. omit dividends and interest
In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?
a. 4000 pounds of laundry b. 500 pounds of laundry per hour c. 100 pounds of laundry per hour d. None of the above is correct.