The argument for using coercion or force rather than relying entirely upon voluntary gift giving to assist very poor people is that
What will be an ideal response?
people may be willing to contribute only if they are assured that others are also contributing their appropriate share.
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Economic growth means people produce
A) money. B) material things. C) whatever people value. D) only durable and high-quality goods.
An economic theory is also known as an economic
A) model. B) prediction. C) conclusion. D) assumption.
In the AS/AD model, an expansionary monetary policy has the greatest effect on the price level when it:
A. increases real income but not nominal income. B. increases nominal income but not real income. C. increases both nominal and real income. D. doesn't increase real or nominal income.
Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are D2 and S2. If the demand shifts to D1 and supply remains unchanged at S2
A. the dollar depreciates and the equilibrium quantity of pounds decreases. B. the dollar appreciates and the equilibrium quantity of pounds decreases. C. the dollar depreciates and the equilibrium quantity of pounds increases. D. the dollar appreciates and the equilibrium quantity of pounds increases.