Which philosopher believes that advocates of a position on income distribution must look at a society in the making, where no one yet knows what rules govern economic activity and income distribution?
a. Karl Marx
b. A. P. Lerner
c. Max Lorenz
d. Corrado Gini
e. John Rawls
E
Economics
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Explain why the dominant strategy equilibrium in an open outcry English auction is also the Nash equilibrium
What will be an ideal response?
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Countries in which wages adjust rapidly to changes in the supply and demand for labor are likely to have ________ sacrifice ratio
A) an infinite B) a high C) a low D) a negative
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When diminishing marginal returns set in, total product will
A) increase at an increasing speed. B) increase at a decreasing speed. C) decrease at an increasing speed. D) decrease at a decreasing speed.
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The job of _____ is to impose a settlement.
A. an arbitrator B. a mediator C. a collective bargaining team leader
Economics