In a market economy, private parties are more willing to do transactions when they know that the government is able to:
A. Investigate and arrest people at random
B. Force people to do or not do things involuntarily
C. Discriminate against one group or another in society
D. Revoke private agreements and contracts
B. Force people to do or not do things involuntarily
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Which of the following statements is true?
A) Economic growth always reduces poverty. B) Economic growth is ineffective in reducing both poverty and inequality. C) Economic growth always reduces inequality. D) Economic growth can reduce poverty only if it is not associated with a significant rise in inequality.
Net exports of goods and services equal the
A) exports of goods and services divided by the imports of goods and services. B) exports of goods and services plus the imports of goods and services. C) exports of goods and services minus the imports of goods and services. D) imports of goods and services minus the exports of goods and services.