The belief that everyone should have exactly the same amount of income is
A) merit standard.
B) comparable-worth doctrine.
C) egalitarian principle.
D) Lorenz principle.
Answer: C) egalitarian principle.
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If the slope of the relationship between savings and interest rates is 0.5, then
A) savings and interest rates have a positive relationship B) savings and interest rates have a negative relationship C) savings and interest rates have no relationship D) savings and interest rates have an inverse relationship
Refer to Figure 15-8. In the figure above, if the economy is at point A, the appropriate monetary policy by the Federal Reserve would be to
A) lower interest rates. B) raise income taxes. C) raise interest rates. D) lower income taxes.
Give a brief overview of how education attainment and elementary and secondary education spending has changed in the United States since 1940
What will be an ideal response?
The product supplied by a monopoly firm has
A. a few substitutes. B. no close substitutes. C. a large number of substitutes. D. two or three close substitutes.