Policies that redistribute income
a. reduce the rewards of high-income earners.
b. raise the rewards of low-income earners.
c. reduce the incentive to earn high income.
d. All of the above are correct.
d
Economics
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The study of economics is best described as a study of
A) capitalism. B) the factors that influence the stock and bond markets. C) the choices made in producing goods and services. D) how people earn a living. E) coping with scarcity, and choices made as a result of scarcity in a society.
Economics
The price system automatically leads to an efficient allocation of inputs among the different production processes
a. True b. False Indicate whether the statement is true or false
Economics