When a society is more equal:
A. the more the economy grows, so the best economy is the most equal.
B. economic growth will provide the most resources for its disadvantaged members.
C. the more everyone gains when the economy improves, but that doesn't mean the most equal society is the best society.
D. economic growth will create imbalance, and the government will need to work to equalize incomes.
Answer: C
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Which of the following products will be sold by a differentiated oligopoly?
a. Automobiles b. Dairy products c. An ingot of steel d. A barrel of oil
Specializing in the production of a good or service in which one has a comparative advantage enables a country to do which of the following?
A) never have to engage in trade with other nations B) increase the variety of products that it can produce with a decrease in resources C) consume a combination of goods that lies outside its own production possibilities frontier D) produce a combination of goods that lies outside its own production possibilities frontier