Which of the following is a characteristic of capitalism?
A. equality of income
B. government decision-making is preferred to decentralized decision-making
C. market determination of prices and quantity
D. government ownership of all capital
Answer: C
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If the people of Redland are expecting the central bank to conduct an expansionary monetary policy for several years, how will the long-run real interest rate in Redland be affected?
What will be an ideal response?
The quarterly increase in an employee's salary depends on the rating of his work by his employer and several other factors as shown in the model below:
Increase in salary= 
0+
0?Rating + other factors. The variable ‘Rating' is a(n) _____.
A. dependent variable B. ordinal variable C. continuous variable D. Poisson variable
Using the above figure, which of the lines in the above diagram represents a proportional tax?
A. A B. B C. C D. none of them
The development of the polio vaccine would be considered a(n) _____________________ to society.
Fill in the blank(s) with the appropriate word(s).