This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In markets, people's decisions are coordinated by A) specialization according to absolute ... (Read 32 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
In markets, people's decisions are coordinated by
 
  A) specialization according to absolute advantage.
  B) changes in property rights.
  C) learning-by-doing.
  D) adjustments in prices.

Question 2

The hourly wage rate is the opportunity cost of one hour of leisure because
 
  A) the person's substitution effect exceeds his or her income effect.
  B) that is what a person gives up to enjoy the hour of leisure time.
  C) the person must work for a living.
  D) the person prefers leisure to work regardless of the wage.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jbrasil

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


jc611

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Excellent

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

This image captures a protest of people who want the privilege of “naming” themselves. This image captures a protest of people who want the privilege of “naming” themselves.
Faith Ringgold, God Bless America, No. 13 from the series American People. Faith Ringgold, God Bless America, No. 13 from the series American People.
Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ... Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ...
People in poor, urban areas often find themselves in “food deserts" People in poor, urban areas often find themselves in “food deserts"
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
People with normal color vision see the number 29 in the chart; however, those who are color-blind c People with normal color vision see the number 29 in the chart; however, those who are color-blind c
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library