What philosopher believes the maximin rule is relevant to justice?
A. John Rawls
B. John Stuart Mill
C. Robert Nozick
D. Aristotle
Ans: A. John Rawls
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Describe the process in the money market by which the interest rate reaches its equilibrium value if it starts above equilibrium
An increase in confidence will immediately shift
A. aggregate supply to the right. B. aggregate supply to the left. C. aggregate demand to the left. D. aggregate demand to the right.
Short-run average cost exceeds long-run average cost only when there are economies of scale
Indicate whether the statement is true or false
Which of the following is a capital resource?
a. a new car bought by the Jones family b. a truck used in transporting school children to a soccer practice c. a truck used in transporting steel to an automobile factory d. hamburger meat used to produce a juicy hamburger on a home grill e. a sapling used to create a forest in a new national park