The symmetry principle is the requirement that
A) people in similar situations be treated similarly.
B) Society's income be distributed symmetrically among its members.
C) the poorest 20 percent of households should receive the same total income as the richest 10 percent of households.
D) the average person be made as well off as possible.
A
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Suppose the lack of agricultural land is a key reason for the slow economic growth of Lithasia. This argument claims that:
A) geography is the fundamental cause of slow economic growth in Lithasia. B) stock of physical capital is a fundamental cause of slow economic growth in Lithasia. C) stock of human capital is a proximate cause for slow economic growth in Lithasia. D) geography is a proximate cause of slow economic growth in Lithasia.
Suppose that workers in Transylvania can produce only two goods -- yo-yos or sweatsocks. The Transylvanian currency is the daler. In what unit is the opportunity cost of yo-yos measured?
a. dalers b. dalers per yo-yo c. dalers per sweatsock d. yo-yos e. sweatsocks