The concept of government as redistributor is

A. approved by many but questioned by many as well.
B. generally rejected as against “the American way.”
C. largely approved by a vast majority of Americans.
D. unnecessary in the United States because income disparities are small.
E. a conservative idea that many liberals reject.

Answer: A

Economics

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In an economy open to international trade ________

A) saving equals investment in equilibrium B) saving is the difference between net exports and investment C) saving equals investment as long as the economy has no exports D) saving equals investment as long as NX=0 E) none of the above

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Which of the following is a characteristic of consumption according to Keynes?

A) consumption depends on disposable income B) consumption and disposable income have a direct relationship C) when disposable income changes, consumption changes by less D) a and c E) a, b, and c

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