Commodity egalitarianism refers to commodities that
A. are important for most consumers.
B. are too dangerous for most consumers.
C. should be made available to all consumers.
D. are good ideas but never produced.
C. should be made available to all consumers.
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When you make a purchase at a retail store by giving your bank an instruction to transfer funds directly from your bank account to the store's bank account, you have most likely made the purchase using
A) a loan. B) a debit card. C) credit. D) cash.
Since the Social Security system began in 1935, the number of workers per retiree has
A) continually declined. B) stayed roughly the same. C) continually risen. D) risen and declined with different generations.
The savings rate ________ over the long run but ________ over the short run
A) is constant as Keynes assumed; varies as Friedman assumed B) is constant as Friedman assumed; varies as Keynes assumed C) is constant as Friedman assumed; varies as Friedman assumed D) varies as Keynes assumed; varies as Keynes assumed
If demand is unit elastic, revenue
a. and price rise and fall together. b. rises as price falls. c. falls as price rises. d. remains constant as price rises or falls.