The rule for redistribution proposed by John Rawls in his book A Theory of Justice is called the
a. "optimal ignorance" rule.
b. libertarian justice rule.
c. maximin criterion.
d. egalitarian criterion.
c
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Shaina and Mariah have a business that provides personal fitness training services. They know that after raising their prices from $50 to $75 per hour, the quantity of hours they spent delivering training services fell from 90 to 80 hours per week. The demand for their services is:
a. inelastic, with a price elasticity coefficient greater than one. b. inelastic, with a price elasticity coefficient less than one. c. elastic, with a price elasticity coefficient greater than one. d. elastic, with a price elasticity coefficient less than one.
Suppose a drop in prices in the stock market makes people feel less financially secure. This would cause __________ the economy's AD curve
A) movement down along B) movement up along C) a rightward shift of D) a leftward shift of
More German companies start to invest in the United States. This will lead to a(n)
A. increase in the supply of dollars and a decrease in the demand for euro. B. increase in the demand for dollars and an increase in the supply of euro. C. increase in the demand for dollars and a decrease in the supply of euro. D. decrease in the demand for dollars and an increase in the demand for euro.
A supply curve shows the relationship between:
A) output and the total cost of production. B) output and prices. C) output and consumer income. D) output and revenue.