Which resource generates the largest share of the income in the United States?
a. labor
b. land
c. capital
d. entrepreneurial ability
e. money
A
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An employee injured by a damaged machine that the employer knows is broken has recourse under
a. the Good Samaritan Rule. b. the standard of Strict Liability. c. the legal principle of General Average. d. the doctrine of Respondeat Superior.
The costs of organizing all the affected parties so that bargaining can take place are called
A) search costs. B) collectivization costs. C) negotiation costs. D) monitoring and enforcement costs.
Which factor would cause a movement along the demand curve for pizza?
A) an increase in the number of students in town B) a renewed preference for Italian food C) a drop in the price of pizza D) an increase in average income
The labor force equals the
a. number of people employed. b. number of people employed plus the number of people unemployed. c. number of people employed plus the number of people unemployed plus teenagers between ages 14 and 16 who work at least 10 hours a week. d. adult population.