We infer the distribution of income from the distribution of abilities
Indicate whether the statement is true or false
F
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If pizza used to be produced in a perfectly competitive market, and now the pizza market has become a monopoly, we can expect:
a. less pizza to be sold at a higher price. b. more pizza to be sold at a higher price. c. less pizza to be sold at a lower price. d. more pizza to be sold at a lower price. e. the same amount of pizza to be sold at the same price.
The belief that the velocity of money is not constant but highly predictable is associated with the:
a. Keynesian school. b. monetarist school. c. rational expectations school. d. supply-side school. e. classical school.
If the absolute value of the price elasticity of demand for tickets to a football game is 2, then if the price increases by 1%, quantity demanded decreases by:
A. 1%. B. 4%. C. ½%. D. 2%.
The list of tasks, duties, and responsibilities that make up a job is a ________
A. job analysis. B. job evaluation C. job specification. D. a job description