Compared to most other industrialized nations, the United States has greater income inequality.
Answer the following statement true (T) or false (F)
True
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A country gains from international trade if its post-trade ________ point lies outside its production possibility frontier
A) production B) autarky C) consumption D) All of the above
A proponent of supply-side economics would advocate
a. reducing income taxes on saving. b. reducing tax credits for research and development. c. eliminating the depreciation allowance. d. increasing the corporate income tax.
Which of the following factors weakens the case for government provision of goods and services relative to private-sector provision?
a. monopoly b. externalities c. public goods d. the special-interest effect
The function of money that provides for a commonly recognized measure of value for the price system is a(n)
A. medium of exchange. B. unit of accounting. C. store of value. D. standard of deferred payment.