Those who favor programs aimed at reducing inequality argue that these programs:
A. help reduce poverty.
B. provide a financial incentive to work harder.
C. provide a financial incentive to invest in human capital.
D. discourage firms from discriminating in their hiring.
Answer: A
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The increase in the demand for widgets, shown in the figure above, is the result of an increase in the price of McBoover devices. Therefore
A) widgets and McBoover devices are substitutes. B) widgets and McBoover devices are complements. C) widgets are a normal good. D) McBoover devices are a normal good.
What is the primary reason exchange rates were overvalued under ISI?
What will be an ideal response?
As the chapter points out, there have been many cases where derivatives have led to a lot of abuse. If this is the case, why do derivatives exist?
What will be an ideal response?
A market with few sellers, some influence over price, high barriers to entry, a differentiated product, and non-price competition is known as
A. perfect competition. B. monopolistic competition. C. oligopoly. D. monopoly.