A case for equality of income distribution can be based on
a. the randomness of personal misfortune
b. the linkage between effort and reward
c. the ethic "from each according to his or her ability to each according to his or her ability"
d. allowing the market to dictate outcomes
e. maximization of opportunity
A
Economics
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The long run market supply curve is formed by adding up individual firm supply curves in the industry.
Answer the following statement true (T) or false (F)
Economics
Changes to the ______ lead to shifts in the demand curve.
a. determinants of demand b. price of the good being studied c. quantity demanded d. supply of the good being studied
Economics