The idea that a dollar in the hand of a rich person is worth less than a dollar in the hand of a poor person is a consequence of ________ justice.
A. Rawlsian
B. absolute
C. social
D. utilitarian
Answer: D
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Which of the following are NOT contractual savings institutions?
A) life insurance companies B) credit unions C) pension funds D) state and local government retirement funds
The local cable TV company charges a "hook-up" fee of $30 per month. Customers can then watch programs on a "pay-per-view" basis (a fee is charged for every program watched). This is an example of
A) peak-load pricing. B) second-degree price discrimination. C) a two-part tariff. D) intertemporal price discrimination. E) none of the above
When interest rates go up, people are
a. more likely to borrow b. less likely to borrow c. does not affect a person's consumption d. None of the above
Teenage unemployment rates have consistently been much higher than the overall unemployment rate and black teenagers have fared worse than white teenagers
a. True b. False Indicate whether the statement is true or false