As a factor of production, oil reserves are counted as
A) land.
B) labor.
C) capital.
D) entrepreneurshi
A
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One difference between moral hazard and adverse selection is
a. Moral hazard has to do with unobservable characteristics of individuals b. Moral hazard has to do with unobservable actions of individuals c. Adverse selection is individuals change their behaviors because of a contract d. Adverse selection is when you choose the wrong answer on a test
Political instability is a deterrent to long-term private investment
Indicate whether the statement is true or false
Full employment is defined by all economists as precisely 5 percent of the labor force.
Answer the following statement true (T) or false (F)
The marginal revenue curve of a monopolistically competitive firm will always lie:
A. below the firm's demand curve. B. parallel to the firm's demand curve. C. parallel to the firm's quantity axis. D. above the firm's demand curve.