A person believes that real equality can only exist when political equality is coupled with economic equality. This person believes that democratic means should be used to distribute wealth evely throughout society. This person is a:
a) socialist
b) communist
c) capitalist
d) authorian
Ans: a) socialist
You might also like to view...
A record of all transactions between residents of the reporting country and residents of the rest of the world over a period of time is called the:
A) national income product accounts. B) balance of payments accounting system. C) accrual accounting system. D) none of the above.
The money supply in Econland is 1,000, and currency held by the public equals bank reserves. The desired reserve/deposit ratio is 0.25. Bank reserves equal ________.
A. 250 B. 200 C. 500 D. 800
Recall the Application about the merger of Sirius Satellite Radio and XM Satellite Radio to answer the following question(s).Recall the Application. What were the tradeoffs that government regulators had to consider in determining whether to allow Sirius and XM to merge?
What will be an ideal response?
Gross Domestic Product (GDP) exceeds net domestic product by an amount equal to
A. transfer payments minus personal taxes. B. indirect business taxes. C. corporate profits plus personal taxes. D. the capital consumption allowance (depreciation).