Evidence suggests that in the last several decades, technology has played a role in driving inequality. Thus, greater access to education may be key to ________ in the future.
A. reducing equality
B. reducing inequality
C. eliminating equality
D. increasing inequality
Answer: B
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Positive economic profits in a perfectly competitive market imply that:
A) producers are earning more than their opportunity cost. B) existing firms are likely to leave the market. C) the cost of production is equalized across producers. D) government intervention is required to stabilize the market.
A document that authorizes another person to vote on behalf of a shareholder in a corporation
What will be an ideal response?
A market failure that causes overconsumption of a product because the sellers know something negative about a product that the buyers do not know is called
A. imperfect information. B. collusion. C. regulatory capture. D. deadweight loss.
Misperceptions theory best explains why
A. the LRAS curve is horizontal. B. the SRAS curve is positively sloped. C. the AD curve is negatively sloped. D. the LM curve is positively sloped.