The main shortcoming of the market, in the view of many,

a. lies in the arena of justice and injustice.
b. lies in the area of consumer goods production.
c. is its inability to stimulate the creation of new products.
d. is its drag on growth in productivity.

a

Economics

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In our modern financial system, money is created

A) only by central banks. B) only by the banking system. C) by central banks and the banking system. D) only by federal governments.

Economics

Darnell can work on an oil rig, where the probability of being killed in a work-related accident is 4/6,000, or he can earn work as a lumberjack, where the probability of being killed in a work-related accident is 1/6,000

Using the compensating differential approach, the value of Darnell's life is $6 million. How much more per year will working on an oil rig pay than working as a lumberjack? A) $2,000 B) $3,000 C) $4,000 D) $6,000

Economics