An employee in a department store often steals goods when other employees are not around. Because the store does not have a surveillance camera, the store manager is unable to monitor his activities. This behavior is an example of ________
A) adverse selection
B) moral hazard
C) internalization of externalities
D) the paradox of thrift
B
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The demand for a good or service is called a derived demand because it is derived from the demand for the factors of production that produce this good or service
Indicate whether the statement is true or false
Overall, U. S. citizens and foreign-born residents embrace change that promises overall growth. This is evidenced by which of the following?
(a) Innovation (b) The growth of new industries and the demise of others (c) Population migration from one part of the U.S. to another (d) All of the above
In what three ways do people use their time?
a. market work, selling labor in the labor market, and leisure b. producing their own goods and services, nonmarket work, and market work c. nonwork, work, and leisure d. market work, nonmarket work, and leisure e. market work, nonwork, and leisure
When paired with investment, research and development is likely to ______.
a. improve productivity and economic growth b. lower the standard of living c. curtail labor productivity and growth d. reduce the importance of physical capital