Which of the following are government franchises?
a. Regional phone companies.
b. The United States Postal Service.
c. Electric utilities.
d. All of the above.
D
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How can improvements in health increase a country's total income?
What will be an ideal response?
Which of the following is not one of the four main categories of spending identified by John Maynard Keynes?
A) government purchases B) transfer payments C) planned investment D) consumption
Under a fixed exchange rate regime, if a country has an undervalued exchange rate, then its central bank's attempt to keep its currency from ________ will result in a ________ of international reserves
A) depreciating; gain B) depreciating; loss C) appreciating; gain D) appreciating; loss
A redistributive program that taxes the rich and gives to the poor _____
a. is an example of equality of opportunity in action b. is an example of equality of results in action c. is an example of the an economically efficient transfer d. is an example of a procedural theory of justice in action