In the economic way of thinking, the right to coerce adults is
A) immoral.
B) a property right.
C) the most efficient way for management to control labor.
D) necessarily antithetical to a free and open society.
E) good because it's rooted in the Old Testament.
B
Economics
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The law of demand states that, other things equal, an increase in
a. price causes quantity demanded to increase. b. price causes quantity demanded to decrease. c. quantity demanded causes price to increase. d. quantity demanded causes price to decrease.
Economics
The monopolist and the perfect competitor are similar in that
A. both operate at the minimum of the ATC curve. B. both have close substitutes. C. both types of markets have no barriers to entry. D. both produce at an output level where MC = MR.
Economics