According to the text, one of the disadvantages of our current welfare system is that
A. it gives the poor too much money.
B. it provides incentives for the poor not to work.
C. it works in the opposite direction of Rawl's view of justice.
D. it is biased in favor of rich people.
Answer: B
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Under a system of barter
A) each individual trades output directly with another. B) only agricultural goods may be traded. C) goods may be traded for money, but money may not be traded for goods. D) currency is accepted for purchases, but personal checks are not.
An increase in the saving rate results in a higher steady state ________
A) growth rate of capital B) growth rate of output per worker C) level of consumption per worker D) level of capital per worker
It is sometimes suggested that a floating exchange rate will adjust to reduce or eliminate any current account deficit. Explain why this adjustment would occur.
What will be an ideal response?
Outsourcing is a source of increased U.S. output.
Answer the following statement true (T) or false (F)