The Populists succeeded in using the federal government to limit subsidies granted to corporations
Indicate whether the statement is true or false
False
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C) ran a deficit of approximately 10 percent of GDP.
A) redistribution of income from the rich to the poor and price controls to make sure that the prices of essential goods are low B) a balanced federal budget and imposition of trade restrictions that will protect American businesses and assure jobs for all C) regulation of markets and rapid expansion in the supply of money so people will be able to buy goods D) protection of people and their property from aggressors and the provision of a few goods that are difficult to supply through markets
Which of the following sentences is a positive claim and which is a normative claim? We need a higher minimum wage. Working people at minimum wage are not above the poverty level. That is not fair. But a higher minimum wage will mean that some low wage workers will be laid off and have no job.
What will be an ideal response?
Suppose that the value of the multiplier has increased in recent years. Which of the following could have caused this?
A. Changes in the way the unemployment compensation fund is financed have made it more expensive for firms to lay off workers. B. "Buy America" campaigns launched by many unions have succeeded in reducing the demand for imported goods. C. Consumption has become more sensitive to changes in the interest rate. D. The costs of inventory storage have fallen.
The greater the degree of inequality in the distribution of income, the more bowed will be the Lorenz curve toward the:
A. Upper left-hand corner B. Upper right-hand corner C. Lower right-hand corner D. Lower left-hand corner