Those who believe that overall economic growth is more important than the distribution of income would say that:
A. if everyone is getting richer, the relative speed of these gains isn't as important.
B. it is fundamentally unjust for some people to have so much when others have so little.
C. if the society is not getting richer, then things can never become more equal.
D. All of these are true.
A. if everyone is getting richer, the relative speed of these gains isn't as important.
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The best known financial auction market is the
A) New York Stock Exchange. B) American Stock Exchange. C) Pacific Stock Exchange. D) Nasdaq.
When equilibrium is present, if market conditions do not change,
a. the current price will tend to rise in the future, and the current quantity will tend to fall. b. the current price will tend to fall in the future, and the current quantity will tend to rise. c. the current price and quantity will tend to persist in the future. d. the current price will tend to persist in the future, but the current quantity will tend to rise.