The prefrontal cortex (PFC) is the key region of the brain for:
A. cost valuation.
B. benefit valuation.
C. decision making.
D. All of these
Answer: C
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A head tax applied to each person in the United States would
A. always be proportional. B. not significantly distort incentives to work. C. generally be a progressive tax. D. likely have significant shifting of tax incidence.
In the United States, the Lorenz curve for wealth is ________ from the 45-degree line than is the Lorenz curve for income, which means that the distribution of wealth is more ________ than the distribution of income
A) farther away from; unequal B) farther away from; equal C) closer to; unequal D) closer to; equal
What factors shift the demand for labor curve? Briefly describe the effect of each
What will be an ideal response?
A firm's producer surplus equals its economic profit when
A) average variable costs are minimized. B) average fixed costs are minimized. C) marginal costs equal marginal revenue. D) fixed costs are zero. E) total revenues equal total variable costs.