The costs of income inequalities in an economy can be reduced to an extent if there is ________.
A. capital flight
B. labor rigidity
C. regressive taxation
D. income mobility
Answer: D
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The figure above shows the market for college education in the United States. If the government does not intervene in this market, the deadweight loss equals ________ per year
A) $28 billion B) $14 billion C) $280 billion D) $224 billion E) $7 billion
In terms of the aggregate demand and supply framework, a decrease in the money supply will shift the aggregate
A) demand curve to the right. B) demand curve to the left. C) supply curve to the left. D) supply curve to the right.
Official figures indicate that the percentage of persons below the poverty level in the U.S. is more today than it was in 1959
a. True b. False Indicate whether the statement is true or false
When economies of scale are present, but are not sufficiently large to generate a natural monopoly, the expected market structure is:
A. monopoly. B. monopolistic competition. C. perfect competition. D. oligopoly.