Data are important in economics because _________ and ____________?

Related Mcqs:

If marginal benefit is greater than marginal cost, a rational choice involves ?

A. no more of the activity. B. less of the activity C. more of the activity D. more or less, depending on the benefits of other activities...

Workers in Western Europe enjoy a high standard of living because ?

A. the countries of Western Europe have set high minimum wage rates. B. Unions in Western Europe keep the wage high C. none of these answers. D. The countries of Western Europe have protected their industries from foreign corporation E. Workers in the united states are highly productive...

The equilibrium price clears the market it is the price at which _________________?

A. Everything is sold B. Buyers spend all their money C. Quantity demanded equal quality supplied D. Excess demanded equals quantity E. C and D...

Aggregate supply is the total amount ?

A. of labor supplied by all households. B. Produced by the government. C. of goods and services produced in an economy. D. of products produced by a given industry....

-7-+47-+45-+-+Since people respond to incentives, we would expect that if the average salary of accountants increases by 50% while the average salary of teachers increase by 20% then ?

A. Fewer students will take degree courses in education and more will take accounting courses. B. fewer students will take degree courses in education and more will take accounting courses C. fewer students will attend university D. None of these...