The egalitarian principle refers to
A) "To each according to her need."
B) "To each exactly the same."
C) "To each according to her productivity."
D) "To each according to his ability."
Answer: B
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Which of the following is not a necessary condition for the Coase theorem?
a. Property rights are clearly defined. b. The costs of bargaining are sufficiently low. c. The government intervenes to internalize the externality. d. There are only a few parties involved.
Under a flexible exchange rate system a decline in the value of a currency relative to other currencies is a called a(n) ________ and under a fixed exchange rate system a decrease in the official value of a currency is called a(n) ________.
A. revaluation; appreciation B. depreciation; devaluation C. depreciation; appreciation D. appreciation; revaluation
The predicted results of the Club of Rome's study, The Limits to Growth, have come true.
Answer the following statement true (T) or false (F)
A technological change ________ and a change in the capital stock ________
A) shifts the productivity curve; shifts the productivity curve B) shifts the productivity curve; creates a movement along the productivity curve C) creates a movement along the productivity curve; shifts the productivity curve D) does not change the productivity curve; creates a movement along the productivity curve E) does not change the productivity curve; shifts the productivity curve