In order to have ________ distribution of final products to households, free and open markets are essential.
A. a fair
B. an equitable
C. an efficient
D. All of the above are correct.
Answer: C
You might also like to view...
Because the income tax structure is progressive, the amount of taxes paid is a _____
a. constant fraction of income throughout the business cycle b. larger fraction of income in expansions than in contractions c. smaller fraction of income in expansions than in contractions d. decreasing function of income in both expansions and contractions e. constant amount at all levels of output and income
If the marginal propensity to consumer is 0.8, the spending multiplier must be:
A. 5 B. 2 C. 1.2 D. 1.8
In a command economy, the basic economic questions are answered by:
a. central authority. b. None of the answers are correct. c. individual buyers and sellers. d. the traditional methods.
Companies use the foreign-exchange market to convert money for use in financial transactions.
a. true b. false