Most income differences across households are due to differences in worker productivity
Indicate whether the statement is true or false
true
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Since the demand curve faced by a monopolistically competitive firm is downward sloping,
a. the firm is a price-taker in the short run b. in the long run there will be excess capacity c. the output decisions of one firm will influence profits of all other firms d. the product in the market is viewed by consumers as being standardized e. the ATC curve is U-shaped
What is the controversy surrounding property taxes as a source for school funding?
What will be an ideal response?
A decision to supply labor or not to supply it is also a decision to
A. earn the highest possible wage. B. demand or forgo a certain amount of leisure. C. be as productive as possible. D. join the union.
Monetary policy in the European Monetary Union is determined by
A. the Bundesbank. B. the European Union Senate. C. the European Central Bank. D. None of the above.