In what kind of an economy does the government make all the decisions?
What will be an ideal response?
Answer: centrally planned
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A bond is a financial security that represents a promise to repay
A) a yearly interest payment and a principal payment. B) a yearly principal payment only. C) a yearly interest payment only. D) Bonds are investments that do not promise any kind of repayment.
Which of the following is true about the distribution of income in the U.S. in the last three decades?
A) For much of this period real wages paid to college graduates have risen significantly. B) Real wages paid to blue-collar workers have grown only slightly. C) There has been a shift in the distribution in income across various segments of the economy, with the real earnings of the richest in America rising to record levels. D) All of the above are true.