All of the following aim to reduce income inequality EXCEPT
A) Social Security payments.
B) earned income tax credits.
C) regressive taxes.
D) food stamp programs.
C
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The fact that rubies are more expensive than milk reflects the fact that for most consumers
A) the total utility from rubies exceeds that from milk. B) the marginal utility from rubies equals that from milk. C) more milk is consumed than rubies. D) a quart of rubies is considered to be prettier than a quart of milk.
Suppose a perfectly competitive market is in long-run equilibrium. If there is a permanent increase in demand,
A) at least in the short run, some firms will increase their output. B) at least in the short run, the price will increase initially. C) new firms will enter the market. D) All of the above answers are correct.
Since 1942, the number of school districts in the United States has declined by almost _____ districts
a. 25,000 b. 50,000 c. 75,000 d. 100,000
Increases in government purchases, investment spending, and autonomous consumption all tend to
a. increase real GDP and raise the interest rate b. increase real GDP and lower the interest rate c. increase real GDP but leave the interest rate unchanged d. decrease real GDP and lower the interest rate e. decrease real GDP and raise the interest rate