The redistribution of income creates the big tradeoff, which is a tradeoff between ________
A) income and wealth
B) equity and efficiency
C) rich and poor
D) Supplementary Security Income and the Food Stamp program
B
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People who benefit from a rent ceiling include
A) all landlords. B) taxpayers. C) tenants who have a rent-controlled apartment. D) potential tenants, that is, people looking for apartments. E) all landlords and some tenants.
If government purchases are $400 million, taxes are $700 million, and transfers are $200 million, which of the following is true?
A) Public saving is $100 million. B) The budget deficit is $100 million. C) The budget deficit is $500 million. D) Public saving is $500 million.
In 2011, the U.S. experienced
a. both current account and financial account deficits. b. a deficit in the current account and a surplus in the financial account. c. a surplus in the current account and a deficit in the financial account. d. a surplus in both the current account and the financial account.
The third phase of the industrial revolution was largely based on the development of the following products: ____________________________________________.
Fill in the blank(s) with the appropriate word(s).