The consumer's work-leisure choice problem focuses on how a consumer's work-leisure decision is affected by the consumer's

In order to maximize profits, firms organize their production using

A) only a command system. B) only an incentive system. C) a combination of command and incentive systems. D) neither a command nor an incentive system.

Which of the following is NOT a common characteristic of a developing country?

A) extensive direct government control of the economy B) history of low inflation C) many weak credit institutions D) "pegged" exchange rates E) Agricultural commodities make up a large share of its exports.