Which of the following statements is not correct?
a. Libertarians are opposed to redistributing income.
b. Critics of the welfare system argue that it breaks up families.
c. One of the problems with measuring income inequality is valuing in-kind transfers.
d. Utilitarians believe that the government should punish crimes but should not redistribute income.
d
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Economists now tend to believe that the most productive approach to ending poverty is to
a. make more and better education available b. make sure there is a job for everyone c. provide subsidies to people who earn less than a poverty-level wage d. provide subsidies to businesses to hire poor people e. none of the above
Refer to Figure 2-1. Which arrow represents the flow of goods and services?
a. A
b. B
c. C
d. D
According to the per se rule, activities that were potentially monopolizing tactics were illegal
a. True b. False Indicate whether the statement is true or false
During a time of high unemployment, a country can increase the production of one good or service
A) by using resources in the production process twice. B) without decreasing the production of something else. C) and must increase the production of something else. D) but must decrease the production of something else. E) but the opportunity cost is infinite.