If the fractional reserve system were to cease to exist, the banking system would be able to create money

Does inherited wealth make the distribution of income less equal or more equal?

What will be an ideal response?

Suppose that the United States decided to subsidize a major research and development effort by U.S. firms in the semiconductor industry. Under the current rules of the WTO and GATT, the U.S. effort is

A) allowed as long as the subsidies are a small percent of the total cost. B) allowed as long as the subsidies do not involve a direct payment to the industry. C) not allowed. D) allowed as long as the subsidies are for developing a "precompetitive" technology.