The feature of preferences that "more is better"
a. is a logical consequence of transitivity
b. is shared by most people, most of the time.
c. implies that 5 apples will always be preferred to 4 oranges
d. implies that 5 apples will always be preferred to 5 oranges
e. means that, when dining, people always try to eat as much as they possibly can
B
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Investment spending tends to be
A) anticyclical. B) a periodic variable. C) unrelated to GDP. D) procyclical.
The burden of the debt can be viewed as
A. a moral question. B. a political question. C. a financial question. D. all of these answer options are correct.
A redistributive program that taxes the rich and gives to the poor _____
a. is an example of equality of opportunity in action b. is an example of equality of results in action c. is an example of the an economically efficient transfer d. is an example of a procedural theory of justice in action
Figure36-9
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Figure 36-9 shows aggregate expenditures when net exports are fixed and aggregate expenditures are variable. The autonomous spending multiplier is
A. smaller when net exports are fixed. B. smaller when net exports are variable. C. larger when net exports are variable. D. the same whether net exports are fixed or variable.