We're more likely to make mistakes with situations we face:
A. often, because we pay less attention.
B. often, because they involve low payoffs.
C. infrequently.
D. with little warning.
C. infrequently.
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Your textbook argues that the phrase "the distribution of income" is misleading because
A) income is not created in a market economy, only wealth is. B) it suggests that income is not earned in process of its creation and can simply be parceled out any which way policymakers wish. C) income in the form of wages and salaries can be negative, and therefore cannot be distributed. D) it is only related to ethical rather than economic considerations.
Fiat money
A) serves well as a medium of exchange, but not as a store of value. B) has no or very little value except as money. C) is rarely used in modern economies. D) functions well only if can be redeemed for gold or other precious metals.
Let demand be given by P = 10 - Q; let supply be given by P = Q. What is the equilibrium quantity?
A. 2 B. 10 C. 5 D. 4
Of the following, what muscle is superior to the other three?
A. Gastrocnemius B. Intercostals C. Sternocleidomastoid D. Trapezius