A market system tends to create inequality.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Which of the following is not one of the key services provided by the financial system?
A) risk sharing B) liquidity C) decreasing taxes D) generating information
The Federal Open Market Committee consists of all the following people except
A) the Board of Governors of the Federal Reserve System. B) five presidents of Federal Reserve Banks, on a rotating basis. C) the chairman of the President's Council of Economic Advisors. D) the President of the Federal Reserve Bank of New York.
A firm receives $10 per unit at an equilibrium level of output of 80 units. The average total cost at 80 units of output is $8 . The firm makes a total economic profit of:
a. $120. b. $160. c. $100 d. $80
From an economic perspective, when a consumer decides to buy more life insurance, the consumer has most likely concluded that the:
A. opportunity costs of more insurance coverage are greater than the payment for more insurance coverage. B. marginal benefits of more insurance coverage are greater than the marginal costs. C. marginal benefits of more insurance coverage have decreased. D. marginal costs of more insurance coverage have increased.