Name two actions a government could take if it wants to implement a contractionary fiscal policy

Which of the following ideas describes the concept of "utilitarianism"? I. Utilitarianism gained popularity in the 1930s. II. Utilitarians believed that a society should use only competitive markets to allocate resources. III

Utilitarians claimed that taking money from rich people and giving it to poorer people would make the economy more fair. A) III only B) II only C) I and II D) I, II and III

Two social institutions that are essential for trade to be organized are ________

A) property rights and laws B) markets and banks C) businesses and banks D) markets and property rights