Who receives the goods and services produced in the United States depends largely on
A) how income is distributed. B) what goods and services are produced.
C) government redistribution. D) how the goods and services are produced.
A
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According to liquidity preference theory, as real income increases, so does ________
A) the supply of real money balances B) the demand for real money balances C) the real interest rate D) all of the above E) none of the above
If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a lower cost of production than Sparkle Cleaners, in equilibrium, Happy Cleaners will produce ________ than Sparkle Cleaners and earn an economic profit that is ________ Sparkle Cleaners.
A) less; more than B) less; the same as C) more; more than D) more; the same as
Unemployment rates in the U.S. are generally:
a. higher than in Europe b. lower than in Europe c. about the same asin Europe d. there are no unemployed in Europe
In a risk-benefit analysis of pesticide use,
a. benefits are the gains from eliminating or reducing pesticide use b. benefits can be measured as the change in producer and consumer surpluses linked to increasing supply due to enhanced crop yields c. the data needed to estimate benefits are readily obtainable d. secondary benefits, such as improved worker productivity, are not relevant