Governments exist to
A) maintain property rights.
B) provide non-market mechanisms for allocating scarce resources.
C) implement arrangements that redistribute wealth and income.
D) all of the above.
D
Economics
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The distribution of income typically refers to how income is distributed across the population ________. Income mobility looks at how a person or family's income changes ________
A) over a lifetime; each year B) by age group; by education level C) by race and gender; based on the state of the economy D) in a particular year; over time
Economics
Use the following diagram of the market for money to answer the next question.
The equilibrium interest rate is
A. I1. B. I2. C. I3. D. not determinable without additional information.
Economics