When considering voting options, if option X beats Y, and Y beats Z, then transitivity says that:
A. Z beats X.
B. Y beats X.
C. X beats Z.
D. Z beats Y.
C. X beats Z.
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Any increase in efficiency increases output available for distribution.
Answer the following statement true (T) or false (F)
With the technological developments in the twenty-first century, productivity growth is no longer an important factor in economic well-being.
Answer the following statement true (T) or false (F)
Temporary Assistance for Needy Families (TANF) and Supplemental Security Income (SSI) are examples of
The government has a budget deficit if
A) its total revenues are equal to its total expenditures. B) its total revenues are less than its total expenditures. C) its total revenues are greater than its total expenditures. D) the money supply is less than total expenditures.