The noninstitutional population does not include those members of the population who are
What will be an ideal response?
under 16.
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Since the mid-1980s tariff rates in most nations have risen
Indicate whether the statement is true or false
A shoe salesman working on commission must decide whether to work hard or shirk. Working hard would increase the probability of a sale from 20% to 70% but the effort would cost him $5 . If the commission on a typical pair of shoes was $12, would he decide to work hard?
a. Yes because it is higher than what it costs him in effort b. Yes because it is higher than zero c. No, because it costs him more in effort d. None of the above
Which of the following is not a typical solution to the "Tragedy of the Commons?"
a. taxing the use of the common resource b. turning the common resource into a club good c. turning the common resource into a private good d. regulating the use of the common resource
Why is does the minimum job proposal pay a maximum of $9 an hour? Group of answer choices
A. To compete with the Federal minimum wage of $7.25 per hour. B. To provide an attractive alternative to dangerous jobs. C. Those who do not participate at this wage don't really want a job. D. Those who do not participate are owed higher wages.