Efficient markets could not result in a real-world outcome such as that evidenced by the prevalence of international poverty in LDCs
Indicate whether the statement is true or false
F
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Comparing a market basket A to other market baskets, we can say that for a typical consumer, A is preferred to baskets to the
a. southwest but less preferred to baskets to the northeast. b. northeast but less preferred to baskets to the southwest. c. northwest but less preferred to baskets to the southeast. d. southeast but less preferred to baskets to the northwest .
Taken together, factors such as education, training, experience, intelligence, and work habits are known as:
A. learned behaviors. B. productivity factors. C. human capital. D. statistical discrimination factors.
What are two criticisms of the marginal productivity theory of income distribution?
What will be an ideal response?
Referring to Figure 19.2, an appreciation of the dollar is represented by a movement from point
A) b to c. B) c to d. C) a to c. D) a to d.