Economists conclude that the only way to measure fairness is
A) to insure that the rules are fair.
B) to insure that the result is fair.
C) to insure that both the rules and the result are fair.
D) to compare the allocatively efficient quantity to the equilibrium quantity.
E) None of the above answers is correct.
E
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A tax collected at each stage of the production process is called a(n) ________ tax
A) payroll B) excise C) value-added D) wealth
A credit union is an example of a financial intermediary
a. True b. False
Of the 197 bank failures from 2000 through 2009, approximately _________ percent occurred during the Great recession years of 2008 and 2009.
A. 40 B. 60 C. 80 D. 90
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point B to Point C so that an additional 20 OLED televisions could be produced, production of LCD televisions would have to be reduced by
A. more than 30. B. exactly 60. C. fewer than 30. D. exactly 30.