Payment of interest on the U.S. public debt:
A. increases the current domestic standard of living in the United States.
B. has no effect on the distribution of income.
C. is thought to decrease income inequality.
D. is thought to increase income inequality.
D. is thought to increase income inequality.
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Refer to the scenario above. If each bidder uses his/her dominant strategy, who will get the good being auctioned?
A) Tom B) Pat C) Arthur D) Julie
What are the five variables that will shift the demand curve?
What will be an ideal response?
The marginal firm in a competitive market will earn zero economic profit in the long run
a. True b. False Indicate whether the statement is true or false
A renewable resource:
A. is used to regenerate an old piece of capital. B. cannot be replenished naturally over time. C. can be replenished naturally over time. D. is used when adopting new technology, and replacing old capital.