Economics is the study of
a. how to start a business
b. how to make money in stocks, bonds, and real estate
c. choice under conditions of abundance
d. choice under conditions of scarcity
e. multinational business
D
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Intel wants to attract the most productive and knowledgeable workers. To achieve this goal it could pay ________ wage
A) a Lucas wedge B) a minimum C) an efficiency D) an equilibrium E) a nominal
Even when earning zero profit, exporters (nearly) equalize prices across markets. ?
Answer the following statement true (T) or false (F)
The key decision maker for U.S. monetary policy is:
A. Congress. B. The president. C. The president's cabinet. D. The Board of Governors.
The Robinson-Patman Act limits the ability of the firms to
A. discriminate in terms of prices. B. use capital-intensive means of production. C. charge different prices to retailers. D. produce certain products.