One way for a company like McDonalds to overcome principal-agent problems is to advertise for franchisees
a. True
b. False
B
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Based on the demand and marginal revenue curves for the monopolist, which formula is correct?
a. marginal revenue > price
b. marginal revenue < price
c. marginal revenue = price
d. marginal revenue – price = average revenue
In economics, all the items that people would consume if they had unlimited income are known as
A. wants. B. needs. C. aggregates. D. outputs.
The labor force participation rate among both men and women 25 to 54 fell after 2000, and this
A. was a significant reason behind the slowing of economic growth during that period. B. should have been a source of growth but wasn't. C. was more than countered by an opposite trend for those over 55 so growth, was rapid. D. was entirely countered by an opposite trend for those over 55 so growth, was nearly zero.
What kinds of economic activities are excluded from GDP? If GDP misses these things, then why do we use it?
What will be an ideal response?