In general, which of the following would libertarians argue is more important than equal outcomes?
a. equal opportunities
b. equal incomes
c. providing a social safety net
d. offering the opportunity to purchase social insurance
a
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Which of the following is not an exchange rate system?
a. Flexible exchange rates b. Crawling peg c. Fixed exchange rates d. Managed floating e. Purchasing power parity
According to recent research, the gas tax in the United States is lower than the optimal level
a. True b. False Indicate whether the statement is true or false
Which of the following decrease demand for any good or service?
A. Falling incomes and the product is a normal good. B. A decrease in the price of a substitute good. C. Consumer expectations that either prices or income will rise in the future. D. An increase in the number of buyers. E. An unfavorable change in consumer tastes.
Slope is the best measure of responsiveness of the quantity demanded to a price change.
Answer the following statement true (T) or false (F)