Economics alone cannot determine the best way to balance the goals of efficiency and equity
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The average product of labor is equal to the
A) total product divided by the total number of workers hired. B) total number of workers hired divided by the total product. C) slope of the marginal product of labor curve. D) Both answers B and C are correct.
If a consumer's income increases and if all goods are normal goods, explain how the quantity bought of each good changes
What will be an ideal response?
Peaks and troughs of the business cycle are known collectively as
A) volatility. B) turning points. C) equilibrium points. D) real business cycle events.
A payday loan company has decided to open several new locations in the city. To decide where to open these locations it hires consultants and decides to pay them per location opened. The company should expect to see
a. A large number of badly selected stores b. A large number of well selected stores c. A small number of well selected stores d. A small number of badly selected stores