Karl Marx's view of income derived from interest is that it is
a. appropriate as long as the loanable funds market is in equilibrium
b. ethical as long as everyone who receives it earns it
c. allowable if the income is earned, not inherited
d. necessary otherwise no loanable funds would be provided
e. objectionable because property ownership, including ownership of capital, is unjustifiable
E
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Some researchers argue that the overall standard of living increased during the 1920s. In general, holding constant all other factors that might impact it, economists are careful about connecting an increase in the standard of living to
(a) increases in the amount of labor used in production processes. (b) new inventions being made in research laboratories. (c) increases in the output of goods and services per worker. (d) the discovery of new sources of gold and silver.
The price index was 120 in 2012 and 126 in 2013 . What was the inflation rate?
a. 5.0 percent b. 6.0 percent c. 7.2 percent d. 105 percent
Suppose a fall in stock prices makes people feel poorer. The decrease in wealth would induce people to
a. decrease consumption, shown as a movement to the left along a given aggregate-demand curve. b. increase consumption, shown as a movement to the right along a given aggregate-demand curve. c. decrease consumption, shown by shifting the aggregate-demand curve to the left. d. increase consumption, shown by shifting the aggregate-demand curve to the right.
The push to pump up PreCheck is part of a major transformation of aviation security to more ___________ screening and less one-size-fits-all
Fill in the blank(s) with the appropriate word(s).