Which of the following would NOT be considered a capability in the capabilities approach?
A. To live free of the fear of violence
B. To be able to find secure and meaningful work
C. To be able to afford to travel freely
D. All of these are considered capabilities
Answer: C
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Output prices are irrelevant for a firm as it is calculating its cost curves.
Answer the following statement true (T) or false (F)
Suppose Paris thinks a 5 percent increase in her hourly wage as an incentive to work more hours while the price level also increases by 5 percent. Paris is said to be suffering from
A) money illusion. B) rationality. C) irrationality. D) the effects of competition.
A shift from D1 to D2 represents
A. an increase in demand.
B. a decrease in demand.
C. no change in demand.
Back in the Middle Ages, the only safe place to put your money was
A. in Treasury bills. B. in goldsmiths' safes. C. in real estate. D. in commodity futures.