A COLA is
A. a cost of living adjustment.
B. a contract on long-term assets.
C. a crisis of labor analysis.
D. a center of labor activity.
Answer: A
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For a borrower in a (c,c') graph, the optimal consumption bundle is
A) to the left of the endowment point. B) to the right of the endowment point. C) on the endowment point. D) dependent on other factors.
Sharecropping successfully replaced the slavery system
Indicate whether the statement is true or false
A production possibilities curve (PPC) illustrates the attainable combination:
a. of two goods that can be produced given an unlimited amount of resources b. of two goods that can be produced given a limited amount of income c. of two goods that can be produced given a specific set of resources d. of many goods that can be produced given an unlimited amount of resources
The actual dollar value of the costs would have to be ________ the actual dollar value of the benefits for an investment in early childhood education to be justified in present value terms.
A. much less than B. much greater than C. discounted more heavily than D. at least equal to