Who made this statement? "The really exhausting and the really repulsive labours, instead of being better paid than others, are almost invariably paid the worst of all…. The hardships and the earnings, instead of being directly proportional, as in any just arrangements of society they would be, are generally in an inverse ratio to one another."

A. John Stuart Mill
B. John Maynard Keynes
C. Elizabeth Warren and Amelia Warren Tyagi
D. Beth Schulman


A. John Stuart Mill

Economics

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What are some of the drawbacks, as you see them, to a program like Workfare?

What will be an ideal response?

Economics

When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent

a. a loss in total welfare. b. a transfer of benefits from the buyer to the seller. c. the higher marginal costs incurred by the monopolists in comparison to competitive firms. d. All of the above are correct.

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All of the following are variables that can be manipulated to affect fiscal policy, except one. Which is the exception?

What will be an ideal response?

Economics

Suppose a family's consumption exceeds its disposable income. This means that its:

A. MPC is greater than 1. B. MPS is negative. C. APC is greater than 1. D. APS is positive.

Economics