In order for society to have a rising standard of living, output must grow:
a. at a slower rate than the labor force.
b. at the same rate as the population.
c. faster than the population

Adopting the Single European Act had broad popular support; the Treaty on European Union was more controversial

Indicate whether the statement is true or false

An example of moral hazard is

a. A taxi driver paid per mile taking the shortest route b. a piece-rate garment worker shirking more than a per hour worker c. an hourly salesman working less hard than a commission salesman d. an author on contract going to as many book signings as one with a percentage royalty rate