To say that government intervenes in the economy to promote equality is to say that government is aiming to
a. create a more fair distribution of income.
b. change the ingredients that are used to "bake" the economic pie.
c. enlarge the economic pie.
d. All of the above are correct.
a
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Which of the following forms the largest share of gross domestic product in the United States, when measured using the expenditure method?
A) Investment expenditure B) Government expenditure C) Foreign expenditure on domestic goods D) Expenditure on consumption
Refer to Table 9-19. Looking at the table above, what is the rate of growth of the average price level from 2015 to 2016?
A) 1% B) 2% C) 3.5% D) 4.76% E) 5.25%
Which type of businesses earns the majority of profits in the United States?
A) corporations B) sole proprietorships C) partnerships D) none of these
When you see an advertisement on TV for a hair care product in which the actor using the product is depicted as beautiful and happy, this is
A) informational advertising. B) direct market advertising. C) indirect market advertising. D) persuasive advertising.