The aggregate demand curve shifts due to changes in consumption expenditures, investment expenditures government spending, and net exports
a. True
b. False
Indicate whether the statement is true or false
True
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In a market economy:
a. collective decision-making is more important than individual decision-making. b. goods and services are distributed as if by an "invisible hand" to those who can not afford them. c. profit provides an incentive to be productive. d. the distribution of wealth is equitably distributed.
Is wage discrimination more likely in competitive or monopolistic markets?
As prices change, the elasticity of supply describes the movement
A) of a shift in the supply curve. B) of the equilibrium price. C) along the supply curve. D) from a necessity to a luxury good.
One way to prevent workers from shirking is to
A) hire only workers who are predisposed toward shirking. B) hire only workers who are predisposed toward not shirking. C) reduce monitoring to zero. D) pay workers a fixed fee.