The difference between Capitalism and Socialism is that
a. Capitalism is concerned more about how to slice up the "pie"
b. Socialism is concerned with making the "pie" as large as possible
c. Capitalism is concerned with making the "pie" as large as possible
d. Both A and B
c
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Which of the following is true of labor force participation rates in the United States since the 1950s? a. The rates for both men and women have risen
b. The rate for women has fallen; the rate for men has risen. c. The rate for men has fallen; the rate for women has increased. d. The rates for both men and women have fallen. e. The rates for both men and women have remained fairly constant.
One method of dealing with the unfairness of substantial price increases caused by a national crisis is for government to
a. impose price ceilings and allocate goods by issuing ration coupons b. print ration coupons and allow buyers to bid for them c. shift the supply curve to the left d. impose price floors to protect consumers e. shift the demand curve to the right
The principal difference between conventional accounting and economic analysis of inflation is that
a. accountants adjust nominal values for inflation. b. accountants adjust real values for inflation. c. economists adjust nominal values for inflation. d. economists adjust real values for inflation.
About _____ percent of the money the government has been paying in farm subsidies has been going to large corporate farms.
Fill in the blank(s) with the appropriate word(s).