Jose works at Intel. His manager tells him what work needs to be completed each month. Jose's resource, labor, is allocated with which of the following methods?
A) command
B) majority rule
C) force
D) personal characteristics
E) lottery
A
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Public choice analysis suggests that the primary motivating factor for politicians will be finding the policies that are most likely to
What will be an ideal response?
In the long run, if inflation is higher in India than in the U.S., one would expect
A. the dollar to depreciate relative to the rupee B. the rupee to depreciate relative to the dollar C. the rupee to appreciate relative to the dollar D. two of the above are correct
In the long run, all firms in a perfectly competitive industry
A. suffer economic losses. B. sell differentiated products to earn economic profits. C. earn economic profits. D. break even.
An increase in the capital stock
A. can increase output, but only if it is accompanied by an increase in the labor force. B. cannot increase output, even if it is accompanied by an increase in the labor force. C. provides valuable services directly, but not indirectly. D. can increase output, even if it is not accompanied by an increase in the labor force.