The Golden Rule "Do unto others as you would have done unto you" is an example of the economic concept of:
A. reciprocity.
B. selfishness.
C. altruism.
D. marginal utility.
Answer: A
Economics
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When a demand curve is expressed in log-linear form, such as log(Q) = a - b log(P) + b2 log(P2) + c log(I), the coefficients of the demand determinants correspond to:
A. changes in determinants other than price. B. the parameters that may fluctuate in value. C. the independent variables in the model. D. the elasticity values of those determinants.
Economics
A corporation's board of directors
A) are the sole owners of the corporation. B) hire the managers of the corporation. C) are personally liable for the debts of the corporation. D) control the day-to-day activities of the corporation.
Economics