Some pet owners are using an "invisible fence" to keep their animals from straying. Every time the animal steps over the edge of the property, it gets a mild shock. A social scientist would call the shock
A) a bribe.
B) a reward.
C) a disincentive.
D) a normative incentive.
C
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According to the text, minimum-wage laws cause increases in
A) productivity. B) employment possibilities. C) poverty. D) structural unemployment.
What real world complications keep purchasing power parity from being a complete explanation of exchange rate fluctuations in the long run. Explain
What will be an ideal response?
In a two-asset economy with money and T-bills, the quantity of money that people will want to hold, other things being equal, can be expected to:
a. decrease as real GDP increases. b. increase as the interest rate decreases. c. increase as the interest rate increases. d. all of these.
Refer to the data above. The marginal propensity to consume is:
.40 .75 .60 .80