In labor markets, risk taking accounts for some income differences
a. True
b. False
Indicate whether the statement is true or false
True
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What is the capital accumulation equation used by Solow?
What will be an ideal response?
Explain the logic behind the First Theorem of Welfare Economics
What will be an ideal response?
Which of the following was true of the United States before 1970? a. The government was not responsible for promoting employment, output, and purchasing power. b. Most macroeconomic instability was caused by changes in international oil prices
c. Most macroeconomic instability was caused by shifts of aggregate demand. d. Most macroeconomic instability was caused by the depreciation of the dollar. e. The government was responsible for using monetary policy to correct a depression.
If income redistribution policy is based on the relative concept of poverty, the war on poverty
a. will be won quite soon. b. is, by definition, unwinnable. c. has not helped at all. d. has already been won.