Government's role of taxing some citizens and transferring income to others is considered:
A) enforcing a legal system.
B) providing certain goods and services.
C) redistributing income.
D) maintaining the money supply.
Ans: C) redistributing income.
Economics
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Refer to the graph. Which of the following would best be explained by an expansionary monetary policy?
A. A shift from SML 1 to SML 2 .
B. A shift from SML 2 to SML 1 .
C. A move from A 1 to A 2 .
D. A move from A 2 to A 3 .
Economics
The population of Omega totals one million people, 30 percent of whom are employed. Average output per worker in Alpha is $30,000. Real GDP per person in Alpha totals:
A. $9,000. B. $100,000. C. $21,000. D. $30,000.
Economics