Which political philosophy believes that the government should equalize the incomes of all members of society?
a. Utilitarianism.
b. Liberalism.
c. Libertarianism.
d. None of the above is correct.
d
You might also like to view...
An increase in the growth rate of nominal GDP would be displayed in our model as:
A. a parallel shift of the AD curve outward. B. the AD curve becoming steeper. C. a parallel shift of the AD curve inward. D. the AD curve becoming flatter.
Refer to the information. If government desired to raise the equilibrium GDP to $650, it could:
Answer the question on the basis of the following information for a mixed
open economy. The letters Y, C a , I g , X n , G, and T stand for GDP, consumption, gross
investment, net exports, government purchases, and net taxes respectively. Figures are in
billions of dollars.
A. raise G by $45 and reduce T by $10.
B. raise G by $40 and reduce T by $30.
C. raise G by $30 or reduce T by $40.
D. raise both G and T by $40.