"Dividing the economic pie more equally may reduce the size of the economic pie." This argument is characterized as:
a. untrue.
b. a form of discrimination.
c. a conflict between equity and efficiency.
d. a conflict between full employment and economic growth.
e. b and c.
c
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If a farmer's opportunity cost of producing 10,000 bushels of wheat is 5,000 fewer bushels of soybeans, then her opportunity cost of producing 5,000 bushels of soybeans must be 10,000 fewer bushels of wheat
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. The psychological theory of business cycles is an exogenous theory. B. All business cycle theories are exogenous. C. The war theory is an endogenous business cycle theory. D. The monetary theory is an endogenous business cycle theory.
The Keynesian link between the money market and the goods and services market is __________. Changes in the money market must affect the __________ market before the goods and services market is affected
A) direct; credit B) indirect; labor C) indirect; investment goods D) direct; stock E) none of the above
Export intensity, the percentage of total revenues coming from exports, is not always correlated with company size.
a. true b. false