Firms exist because of
A) incomplete contracts.
B) team production.
C) the incentive to free ride.
D) all of these choices.
D
Economics
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Which of the following would not increase autonomous consumption spending?
a. Expectations of greater future income b. A lower interest rate c. Reduced consumer debt d. Increased household wealth e. Increased disposable income
Economics
The equilibrium price of labor is called:
A. the wage. B. income, plus benefits. C. opportunity cost. D. the leisure trade-off.
Economics