Piketty's analysis concludes that unequal ownership of capital, rather than unequal pay, is responsible for notably high levels of inequality in the decades since the 1980s
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following helps in determining whether health care cost rises because of government policy, or because of demand rising faster than supply?
a. Examining the market for health care away from the belief that the market outcome is unfair b. Examining the market for health care with the belief that the market outcome is unfair c. Examining the allocation system d. Examining the changes in the price of health care products e. Examining the changes in the number of suppliers of health care in the market
An elasticity of 1 would be considered
A. perfectly elastic. B. elastic. C. unit elastic. D. inelastic.
Which of the following best describes the cause-and-effect chain of a restrictive monetary policy?
A. A decrease in the money supply will lower the interest rate, increase investment spending, and increase aggregate demand and GDP. B. An increase in the money supply will raise the interest rate, decrease investment spending, and decrease aggregate demand and GDP. C. An increase in the money supply will lower the interest rate, decrease investment spending, and increase aggregate demand and GDP. D. A decrease in the money supply will raise the interest rate, decrease investment spending, and decrease aggregate demand and GDP.
Tommy's total utility for 5 action figures would be
Table-Demand and Utility Table for action figures
A. $6.
B. $14.
C. $30.
D. $50.