A modified version of utilitarianism proposed by John Rawls states that
A) the distribution of the economic pie is fair if the rules are fair.
B) the distribution of the economic pie is fair if it achieves the greatest happiness for the greatest number of people.
C) the fair distribution of the economic pie is the one that makes the poorest person as well off as possible.
D) goods may be transferred from one person to another only by voluntary exchange.
C
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Retained earnings are corporate earnings that are paid as dividends to stockholders
Indicate whether the statement is true or false
Suppose that real GDP grows by 3 percent a year, the quantity of money grows 6 percent a year, and velocity grows by 1 percent. In the long run, the inflation rate equals
A) 12 percent. B) 9 percent. C) 10 percent. D) 4 percent. E) 5 percent.
The legislation overturning the Glass-Steagall Act is
A) the McFadden Act. B) the Gramm-Leach-Bliley Act. C) the Garn-St. Germain Act D) the Riegle-Neal Act.
The higher opportunity cost of obtaining an education in developing countries is one of the reasons that school enrollments are lower
a. True b. False Indicate whether the statement is true or false