The principal mechanism for redistributing incomes is
A. The production of public goods.
B. The tax-and-transfer system.
C. Antitrust policy.
D. Market power.
Answer: B
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The government sector balance equals
A) net taxes plus government expenditures. B) saving plus investment. C) government expenditures plus investment. D) net taxes minus government expenditures. E) saving minus investment.
Due to ongoing drought conditions, many cities in Texas have implemented water conservation measures which prevent homeowners from watering their lawns more than two times per month. Prior to the drought conditions, no restrictions were in place
Discuss this measure from the villain/victim standpoint. Explain who the villains and victims are, and if they really are villains and victims?
The above figure shows the marginal social benefit and marginal social cost curves of chocolate in the nation of Kaffenia. When the marginal social benefit is equal to the marginal social cost of chocolate in Kaffenia
A) either 100 pounds or 250 pounds can be produced each day. B) no chocolate is produced. C) 150 pounds will be produced each day. D) any quantity up to 150 pounds will be efficient.
Which of the following would NOT be included in the expenditure approach to calculating GDP?
What will be an ideal response?