According to the ideas behind utilitarian justice, income redistribution from the rich to the poor decreases total utility.
Answer the following statement true (T) or false (F)
True
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The __________ market liquidity is, the __________ the bid-asked spread will be
A) higher; wider B) lower; narrower C) higher; narrower D) None of the above.
The U.S. government is an asset to the U.S. economy when it
(a) effectively serves its role as the agent that defines and protects private property rights. (b) taxes one group of individuals and redistributes that taxed income to another group. (c) permits special groups to secure legislative protection from foreign competition in the industries which they own, manage or work within. (d) does all of the above.
If the government decides to build highly subsidized dorms for all college students, then we will see
a. an upward movement along the AD curve b. a downward movement along the AD curve c. the AD curve shift to the left d. the AD curve shift to the right e. the AS curve shift to the right
If you get great pleasure from anticipating a fun event which of the following is true?
A. You likely have more savings than you would have without the anticipatory pleasure. B. Your intertemporal indifference curve is steeper than it would be without that pleasure. C. You have a higher marginal rate of time preference than if you didn't get that pleasure. D. All of these are true.