Determinants of income differences include all of the following EXCEPT
A) age.
B) marginal productivity.
C) moral hazard.
D) discrimination.
C
Economics
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Refer to Figure 7.1. The diagram above contains ________ cost curves
A) short run B) intermediate run C) long run D) both short run and long run.
Economics
The amount of interest owed on a loan of $40,000 after a year at an interest rate of 4 percent is:
A. $1,600. B. $41,600. C. $40,400. D. $160.
Economics
Actual output can exceed the economy's potential both in the short run and the long run
a. True b. False Indicate whether the statement is true or false
Economics
Increasing production because of expectations that the economy will do well in the future is known as ______ investment.
a. expected b. planned c. unexpected d. unplanned
Economics