The U.S. is the leader in health care.
A. True
B. False
C. Uncertain
C. Uncertain
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Production technology determines the relationship of total cost to outputs.
Answer the following statement true (T) or false (F)
Risk aversion simply means that people dislike bad things to happen
a. True b. False Indicate whether the statement is true or false
Which of the following activities is most likely to be counted in GDP?
A. Gail buys paper and crayons to donate to poor children in need of school supplies. B. Bud works hard five hours each week to make sure that his lawn always looks nice. C. Fran volunteers at the local veteran's hospital twice a month. D. Stu gave $5 to a homeless man he met in the park.
A potential problem with piece-rate plans is that:
A. it is difficult for managers to enforce. B. workers have no incentive to work hard. C. workers may put little emphasis on the quality of the good. D. workers will have a tendency to under-produce the good.