The table below shows four alternative techniques for assembling a car. Which of the four techniques for assembling a car cannot be economically efficient with any input prices?
A) T-1
B) T-2
C) T-3
D) T-4
B
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What is Okun's Law?
What will be an ideal response?
A system of laws and courts generates positive externalities because
A) only governments are capable of creating such systems. B) people cannot choose whether or not to obey the law. C) people who disobey the law benefit from the existence and enforcement of rules applicable to all. D) such a system could not exist without the approval of a majority.
Taxes on labor tend to increase the number of hours that people choose to work
a. True b. False Indicate whether the statement is true or false
Which of the following methods used by advertising often signals a quality product?
a. bargain sales b. unrealistic product claims c. endorsement by a movie star d. criticizing other brands