Which of the following is an economic or political question regarding income redistribution?
A. Will there be costs associated with income redistribution policies?
B. Will redistributing income from the wealthy to the poor destroy incentives?
C. How does a society go about making income distribution more equal?
D. All of the above are economic or political questions regarding income redistribution.
Answer: D
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Agricultural prices fell during each of these periods EXCEPT
A. 1865-1900. B. 1900-1919. C. 1929-1933. D. There is no exception. Agricultural prices fell in all these time periods.
Assuming perfect perfect capital mobility, the BP schedule is
a. vertical. b. horizontal. c. upward sloping. d. downward sloping. e. flat.
You expect to rent out a vacation home on Sanibel Island for $800 a month as an investment. Upkeep is estimated at $3,000 a year. If the current market interest rate is 5 percent, you are willing to pay __________ for the house
a. $132,000 b. $100,000 c. $160,000 d. $192,000 e. $800,000
Which of the following shifts the short-run supply curve to the right?
A. An increase in the price level B. An increase in the minimum wages C. A decrease in the price of oil D. All of these responses are correct.