Those who believe that overall economic growth is more important than the distribution of income would say that:
A. if everyone is getting richer, the relative speed of these gains isn't as important.
B. it is fundamentally unjust for some people to have so much when others have so little.
C. if the society is not getting richer, then things can never become more equal.
D. All of these are true.
A. if everyone is getting richer, the relative speed of these gains isn't as important.
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Among the state nonmember banks, __________ have federal deposit insurance through the FDIC
A) all B) virtually all C) a minority D) none of them
List and describe two costs and two benefits of globalization as discussed in the textbook. Why does it tend to be more difficult to see the benefits of globalization as compared to the costs of globalization?
Which event probably contributed to the stagflation of the 1970s?
A. Worldwide agricultural surpluses B. An improvement in productivity of resources C. An appreciation in the dollar D. A sharp rise the price of oil
For a consumer to maximize utility, he will choose the
a. point where the slope of the budget line equals the slope of the indifference curve. b. any point where the budget line and indifference curve intersect. c. point where he gets the most of the good he prefers most. d. point where the marginal rate of substitution is greatest. e. the point where marginal utility is zero for both goods