A person believes that real equality can only exist when political equality is coupled with economic equality. This person believes that democratic means should be used to distribute wealth evely throughout society. This person is a:

a) socialist
b) communist
c) capitalist
d) authorian

Ans: a) socialist

Economics

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Unions tend to ________ import restrictions and ________ a higher minimum wage

A) favor; favor B) favor; oppose C) oppose; favor D) oppose; oppose

Economics

If the demand for foodstuffs is inelastic, which of the following positions would be most beneficial to Farmer Jones?

A) Bad weather for Jones and good weather for all other farmers. B) Bad weather for all farmers except Jones (who witnesses good weather). C) Bad weather for all farmers. D) Good weather for all farmers. E) There is not enough information to answer the question.

Economics