For most families, a majority of their property comes from
A. inheritance.
B. transfer payments.
C. redistribution programs.
D. savings.
Answer: D
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If the total variable cost curve for a firm is S-shaped, what is the shape of the total cost curve for that firm?
a. U-shaped b. flat c. hill-shaped d. S-shaped e. there is not enough information
The alternatives of the active versus passive view of stabilization policy are usually expressed as
a. fiscal versus monetary policy. b. internal versus external. c. present value versus future value. d. discretion versus rules.
The results of a 2008 Los Angeles Times poll suggest that the percentage of Americans who believe trade is harmful to the economy exceeds the percentage of Americans who believe trade is beneficial to the economy
a. True b. False Indicate whether the statement is true or false
According to purchasing power parity, a rise in inflation in the United States. relative to the rest of the world will lead to
A) a balance of payments surplus. B) a balance of payments deficit. C) an exchange rate appreciation. D) an exchange rate depreciation.