Inward-oriented policies
a. are generally supported by economists.
b. are primarily concerned with the development of human capital.
c. in some ways are like prohibiting the use of certain technologies.
d. All of the above are correct.
c
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Lizzie's preferences are shown in the figure above. Which of the following combinations of goods does Lizzie prefer the most?
A) 6 comic books and 20 cookies B) 8 comic books and 8 cookies C) 12 comic books and 10 cookies D) 4 comic books and 12 cookies
The Social Security and Medicare programs have been a failure in terms of reducing poverty among elderly U.S. citizens
Indicate whether the statement is true or false
In 2011, the U.S. federal government collected approximately how much in total tax receipts?
a. $800 million b. $2.5 billion c. $5.2 billion d. $8.7 billion
Related to the Economics in Practice on p. 418: John Steinbeck's The Grapes of Wrath is set in the early 1930s, a period in U.S. history most noted for
A. the Great Depression. B. World War I. C. rapid economic expansion. D. hyperinflation.