Which of the following is the best example of a consumption good?
a. mp3 player
b. farm
c. factory
d. bulldozer
a. mp3 player
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Which of the following will facilitate the enforcement of a cartel?
A) most-favored-customer clauses B) reports of bids on government contracts C) meet the competition or price match D) All of the above
GDP includes some nonmarket goods
Indicate whether the statement is true or false
One implication of the theory of compensating differentials is that jobs in states with high income tax rates are likely to
A. have worse working conditions. B. be associated with more fringe benefits. C. pay the same wage and offer the same fringe benefits package as the same jobs in lower-tax states. D. be associated with fewer fringe benefits. E. be seasonal in nature.
The demand for U.S. dollars by foreign nations increases as:?
What will be an ideal response?