If getting people off welfare could be described as a carrot-and-stick approach, it would be fair to say that
A. liberals and conservatives both favor the stick.
B. liberals and conservatives both favor the carrot.
C. liberals favor the carrot and conservatives favor the stick.
D. liberals favor the stick and conservatives favor the carrot.
C. liberals favor the carrot and conservatives favor the stick.
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Refer to Table 7-3. Select the statement that accurately interprets the data in the table
A) Mateo has an absolute advantage in making spurs. B) Mateo has an absolute advantage in making saddles and Celeste has an absolute advantage in making spurs. C) Celeste has an absolute advantage in making saddles. D) Mateo has an absolute advantage in making spurs and Celeste has an absolute advantage in making saddles.
Inflationary tendencies and even hyperinflation in many Latin American countries have been exacerbated by the tendency of governments to
A) tax too heavily. B) regulate too heavily. C) print money to finance policies to stimulate the economy. D) keep out foreign competition. E) use industrial policies to foster growth.
The marginal revenue product of labor is
A) the marginal physical product multiplied by marginal revenue. B) the marginal revenue of output multiplied by the price of the input. C) total sales divided by total labor employed. D) total labor employed divided by total sales.
In comparison to commodity money, paper money
a. is not portable. b. has no intrinsic value. c. is not divisible. d. cannot be stored. e. All of the above are correct.