The most important reason for why some people have higher incomes than others is
A. employment discrimination.
B. differences in wages and salaries.
C. property income.
D. government transfer payments.
B. differences in wages and salaries.
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If you are participating in an open outcry English auction, you will win if ________
A) you place a bid before the other bidders B) you place the highest bid C) you pay a fee to place a bid D) you place the second-highest bid
Which region has the highest proportion of its children working?
What will be an ideal response?
Which of the following lowers the incentive for a firm to invest in research and development?
a. The potential for resulting innovations to be copied b. The inability of a firm to balance private and social benefits c. The high cost of investing in human capital d. The lack of legal protection for innovations and inventions
Consumers most likely decide on their current consumption spending by looking at their short-run income prospects
a. True b. False Indicate whether the statement is true or false