According to ________, the redistribution of income from the rich to the poor causes an increase in total utility because of the law of decreasing marginal utility.

If government spending exceeds the amount of taxes collected from households and businesses, the government simply finances the difference by printing more money

Indicate whether the statement is true or false

One important difference between the international economy of today and the economy of 100 years ago is

A) that labor is much more mobile. B) for the first time, technological innovations have reduced the barrier of distance. C) for the first time, capital is mobile. D) the presence of international bodies such as the IMF and World Bank.