An example of a capability considered in the capabilities approach would be:
A. being able to afford appropriate healthcare required for a healthy life.
B. to have adequate food and shelter.
C. to be able to afford to travel freely.
D. to have the ability to purchase a luxury item you really want.
B. to have adequate food and shelter.
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
The Civil War was a result of
(a) the dispute over slave ownership in the South. (b) attempts to keep slaves out of the West. (c) attempts to protect state rights over federal control. (d) all of the above.
Microeconomics deals with the analysis of all the following questions except how:
a. the wages of carpenters are determined. b. high did unemployment rise during the Great Depression. c. does Ford decide how to price its cars. d. does a college student decide how to spend her income. e. do monopolies and competitive markets differ.
Economists assume that the typical person who starts her own business does so with the intention of
a. donating the profits from her business to charity. b. capturing the highest number of sales in her industry. c. maximizing profits. d. minimizing costs.