Philosophical arguments in favor of income redistribution programs include
A) utilitarianism.
B) the Rawlsian social contract.
C) the benefits-received principle.
D) all of the above
D
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Chief Justice John Marshall had a strong conviction that
(a) slavery would only work in the South. (b) a country needs a central government with enough power to place in check state and local interests when the development and growth of the country is concerned. (c) strong state banking systems would help the nation's commerce. (d) the Constitution should be interpreted literally.
Which of the following is true?
a. Nations achieve high rates of economic growth primarily because of their natural resource endowments. b. Human and physical capital investments are largely irrelevant to economic growth. c. Poor nations grow slowly because they do not have access to modern technology. d. A favorable political environment attracts more investment in human and physical capital.