Which statement is true?
A. College graduates earn much more than high school graduates mainly because of what they learn in college.
B. The bulk of all property income goes to the middle class.
C. Most government transfer payments go to the poor.
D. The bulk of all property income goes to the rich.
D. The bulk of all property income goes to the rich.
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If the price level rises, there is
A) a leftward shift of the demand for money curve. B) an upward movement along the demand for money curve and the curve does not shift. C) a downward movement along the demand for money curve and the curve does not shift. D) no movement along the demand curve for money and the curve does not shift. E) a rightward shift of the demand for money curve.
With regard to the American Revolution, research suggests that
(a) it was not waged against the law but against a particular alien authority. (b) all contracts, respecting property, remained basically unchanged. (c) the basic ideas established in the colonial era remained untouched by the Revolution, apart from the abolition of primogeniture and perpetual entailment. (d) all of the above are true.
Research into new technologies conveys neither negative externalities nor positive externalities
a. True b. False Indicate whether the statement is true or false
For a market for a good or service to exist, there must be a
a. group of buyers and sellers. b. specific time and place at which the good or service is traded. c. high degree of organization present. d. All of the above are correct.