The egalitarian principle says
A) that everyone should have exactly the same income.
B) that the age-earnings cycle should determine income.
C) that people should be compensated on the basis of what they produce.
D) that people should be compensated on the basis of their need.
A
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The fact that individuals whose credit worthiness is less than it appears to be are those who are most willing to borrow funds at any given interest rate is an example of
A) moral bonuses. B) diverse origins. C) symmetric information. D) adverse selection.
A measure of absolute price changes that excludes changes in energy and food prices is called:
A) fringe rate of inflation. B) core rate of inflation. C) overall inflation. D) none of the above.
The questions of what type of public goods to produce, and how much to produce, are resolved:
a. in product markets. b. in resource markets. c. in private clubs. d. through public choices.
Based on the table showing global income inequalities, where are the most equal countries located?
a. southern Europe
b. northern Europe
c. North America
d. southern Africa