The Fabian socialists argued that there would be no social cost associated with
a. a proportional income tax.
b. the sharp price declines caused when a speculative bubble bursts.
c. limits on employer monitoring imposed to protect employees' privacy.
d. the appropriation of rents by the government.
d. the appropriation of rents by the government.
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Why do workers exert more effort when they are paid higher salaries?
What will be an ideal response?
In the last few decades, the poverty rate in the US has
A. increased. B. decreased. C. changed little. D. may have increased or decreased, we do not know for certain.
Consider the accompanying payoff matrix. 
Suppose both players make their choices simultaneously and independently. What is the Nash equilibrium of this game?
A. Player A chooses Up and player B chooses Right. B. Player A chooses Down and player B chooses Right C. Player A chooses Up and player B chooses Left. D. Player A chooses Down and player B chooses Left.
Which of the following statements does NOT describe the real value of an economic variable?
A. It is expressed in constant dollars. B. It is adjusted for changes in the price level. C. It is a measure of the purchasing power of the variable. D. It is the variable's nominal value adjusted for unemployment.