Some contend that the outcome of any free market is ultimately inequitable because
A. periods of unemployment and inflation still occur.
B. public goods will be underprovided by the government.
C. some people become rich while others remain very poor.
D. firms are not forced to take external costs into account.
Answer: C
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Real interest rates at times have been negative. Why would anyone lending money agree to a negative real interest rate?
What will be an ideal response?
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to remain the same and monetary base to rise. b. Demand for real goods and services to rise and M2 money supply to rise. c. Demand for real goods and services to rise and M2 money multiplier to remain the same. d. Demand for real goods and services to remain the same and M2 money supply to rise.
When two goods are perfect complements, the indifference curves are right angles
a. True b. False Indicate whether the statement is true or false
Reparations for slavery in the United States would
A) be consistent with the Pareto principle. B) be inconsistent with the Pareto principle. C) have nothing to do with the Pareto principle. D) be unconstitutional.