Charles Murray would
A. provide government jobs for everyone who is ready, willing, and able to work.
B. scrap the entire federal welfare and income-support structure for working-aged persons.
C. introduce the negative income tax.
D. do none of these things.
B. scrap the entire federal welfare and income-support structure for working-aged persons.
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Which of the following is an important issue in the Keynesian-Monetarist debate?
a. The relative importance of monetary and fiscal policy. b. The nature of the transmission mechanism through which a change in the money supply affects the economy. c. The shape of the investment-demand curve. d. All of these.
A monopoly will maximize profits at the level of output at which
A. MC = P. B. MR = AFC. C. MR = MC. D. MC = ATC.
Describe the changes in population and living standards since 1800. What implications do these changes raise about standards of living today?
What will be an ideal response?
Which of the following is not inversely related to per capita income?
A. Mortality rates for children under five years of age. B. Adult illiteracy rates. C. Per capita energy consumption. D. Population growth rates.