Since most people prefer more money to less, the desire for more money
A) makes it difficult to induce people to cooperate.
B) makes it difficult to induce people to sacrifice for the larger public good.
C) makes social order highly unstable and unpredictable.
D) can induce useful changes in behavior.
E) implies people are living in a capitalist society.
D
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A profit-maximizing firm will pay a worker:
A) the value of the worker's marginal product. B) the revenue that it earns by selling one unit of the product. C) less than the value of the worker's marginal product. D) more than the value of the average revenue of the firm.
Over the past 100 years, real GDP per person in the United States has grown at an average of ________ percent a year
A) 1 B) 2 C) 3 D) 4
A chief purpose of long-term contracts is to improve agents'
A) information. B) incentives. C) control over principals. D) security.
Acquiring information on a bank's activities in order to determine a bank's risk is difficult for depositors and is another argument for government
A) regulation. B) ownership. C) recall. D) forbearance.