Libertarians believe that
a. the government should choose just policies as evaluated by an impartial observer behind a "veil of ignorance.".
b. the government should aim to maximize the well-being of the worst-off person in society.
c. everyone in society should have equal utility.
d. the government should not redistribute income.
d
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Refer to Table 4-6. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of producer surplus?
A) $600 thousand B) $300 thousand C) $150 thousand D) $30 thousand
From 1973 to 1995 the growth rate of labor productivity in the U.S. was approximately
a. ?0.8%. b. 1.4%. c. 2.9%. d. 5.1%.
When the loanable funds and foreign exchange markets are in equilibrium,
a. there are no leakages from the circular flow of income. b. macro equilibrium cannot occur. c. the leakages from the circular flow will equal the injections into it. d. injections into the circular flow will exceed leakages from it.
Bay City Mining, Inc has a price of $20 a share, outstanding shares of 2.5 million, retained earnings of $1 million dollars, and a dividend yield of 2 percent. It has a price-earnings ratio of
a. 50, which is high by historical standards. b. 50, which is low by historical standards. c. 25, which is high by historical standards. d. 25, which is low by historical standards.