The _____________ program of President Lyndon Johnson was designed to lift people out of poverty.
Fill in the blank(s) with the appropriate word(s).
Great Society (war on Poverty)
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John Rawls developed
A. the idea of utilitarian justice. B. the theory of distributional justice. C. the theory of comparative advantage. D. the labor theory of value.
How were open market operations conducted prior to 1935?
A) They were carried out by the Federal Open Market Committee. B) They were carried out under the direction of the Secretary of the Treasury. C) They were carried out by the district Federal Reserve banks. D) They were carried out by the Banking Committee of the House of Representatives.
To optimally deter crime, law enforcement authorities should:
A) set higher fines for crimes that have a lower probability of being caught. B) set the fine equal to the expected benefit, even if it is difficult to catch the offenders. C) ignore the probabilities of catching offenders and attempt to prevent crime at all costs. D) set very high fines regardless of the probability that an offender is caught.
The theory of comparative advantage is based on:
a. absolute opportunity costs. b. relative opportunity costs. c. total costs of production. d. the number of units produced by a firm. e. a comparison of marginal cost with average variable costs.