Health problems prevent people from working harder, which can lower a country's total income. This indicates that in effect, health problems
A) shift a country's production possibilities frontier inward.
B) increase the incentive to work.
C) decrease consumer surplus.
D) are a primary cause of price decreases.
A
Economics
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For a perfectly competitive firm, the value of the marginal product of labor falls as more workers are hired because of the diminishing
A) output price. B) marginal physical product of labor. C) price of labor. D) marginal cost of production.
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The payoff to an oligopolist's price cut depends on how its rivals respond.
Answer the following statement true (T) or false (F)
Economics