The merit standard refers to
A) "To each according to her need."
B) "To each exactly the same."
C) "To each according to her productivity."
D) "To each according to his ability."
C
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The Lorenz curve shows the
a. functional distribution of income b. personal distribution of income c. relative percentage of income going to each of the resources d. demand for unskilled versus unskilled labor e. cumulative percentage of income received by cumulative percentages of households
As the level of real GDP increases, the short-run aggregate supply curve:
a. shifts to the right. b. shifts to the left. c. becomes flatter. d. becomes steeper. e. becomes horizontal to the real GDP axis.
If M were 500 and V were 8, how much would PQ be?
What will be an ideal response?
________ occurs when a large, powerful firm drives smaller firms out of the market by temporarily selling at an artificially low price.
A. A dominant strategy B. A prisoners' dilemma C. Predatory pricing D. A maximin strategy