The age-earning cycle
A) is an earnings profile of an individual throughout his or her lifetime.
B) shows the earnings differences by age and by gender.
C) depicts differences in the relationship between age and earnings across countries.
D) shows the average incomes of people broken down by age categories.
Answer: A
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Keynes believed which of the following?
A. The government has a role to play in fighting unemployment, but not in fighting inflation. B. The government has a role to play in fighting inflation and unemployment. C. The government has a role to play in fighting inflation, but not in fighting unemployment. D. The government does not have a role to play in fighting inflation or unemployment.
An emission charge
a. takes advantage of firms’ natural profit incentive b. cannot achieve a least-cost solution c. offers no revenue stream to governments d. has no effect on product pricing