Economists agree that income in the U.S. should be more equally distributed

Indicate whether the statement is true or false


F

Economics

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What is a cartel? Can cartels generate long-term profits without the existence of barriers to entry?

What will be an ideal response?

Economics

In 1940, civilian purchases of goods and services equaled roughly _____ of GDP; by 1943, it had changed to roughly ________ of GDP

a. 97 percent; 57 percent b. 50 percent; 50 percent c. 25 percent; 75 percent d. 50 percent; 10 percent

Economics

Which of the following arguments is typically associated with classical economists?

A) A market economy is self-correcting and thus will not remain in a recession indefinitely B) A market economy has stable prices and thus is usually free from inflation C) A market economy requires a strong government to ensure that the market meets the needs of the people D) A market economy needs only moderate assistance from the government to avoid an extended recession E) A market economy eventually results in monopolies in both the input and output markets

Economics

Given the above figure, marginal utility becomes negative when David consumes the ________ piece of pizza.

A. 1st B. 3rd C. 4th D. 5th

Economics