The value of any index for the base period is
A) 1. B) 0. C) -1. D) none of the above.
Answer: A
Economics
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Some would cite the purchase of defective products and the rising cost of health care as market failures. Argue that these are not true market failures.
What will be an ideal response?
Economics
Why would the establishment of protective trade barriers be a poor way of protecting workers in domestic industries?
What will be an ideal response?
Economics
Which is the correct match of an economic resource and payment for that resource?
a. Entrepreneurial ability and wages b. Capital and interest income c. Land and profit d. Labor and rental income
Economics
In the above table, what is the marginal factor cost of the 2nd worker?
A. $14 B. $24 C. $12 D. $64
Economics