Most U.S. redistribution occurs from _____
a. high-income individuals to low-income individuals
b. middle-income individuals to low-income individuals
c. middle-income individuals to middle-income individuals
d. low-income individuals to middle-income individuals
c
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Entrepreneurs create destruction
Indicate whether the statement is true or false
What are the alternative views to the human capital theory with respect to the role of education?
Some form of financial distress can become a full-blown recession if risk lead to ____ interest rates and ____ aggregate demand
a. higher; increased b. higher; decreased c. lower; increased d. lower; decreased
According to purchasing-power parity, if over the course of a year the price level in the U.S. rises more than in Canada, then which of the following rises?
a. the U.S. real exchange rate, but not the U.S. nominal exchange rate b. the U.S. nominal exchange rate, but not the U.S. real exchange rate c. the U.S. nominal exchange rate and the U.S. real exchange rate d. neither the real exchange rate nor the nominal exchange rate