Of the four countries below, the country that has the most income equality is
a. Ethiopia.
b. France.
c. Russia.
d. Thailand.
a
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Trade that is within a country or between countries is based on the principle of
A) comparative advantage. B) scarcity. C) competition. D) absolute advantage.
When (if at all) can the crowding-out effect be prevented?
A) when the Fed decreases the money supply to accommodate the expansionary fiscal policy B) when the real money supply is held constant C) when the real balance effect is working D) when the Fed allows the real money supply to increase sufficiently to keep the interest rate from rising
A monopolist faces a horizontal demand schedule.
Answer the following statement true (T) or false (F)
The circular flow model shows how ______ interact in markets
a. workers and firms b. firms and households c. firms and banks d. banks and households e. households and government