The labor supply curve is backward bending because at higher wages the income effect eventually dominates the substitution effect

Economists estimate that ________ of U.S. currency is outside the United States and held primarily by ________

A) over half; households and firms in countries where there is little confidence in the local currency B) over half; foreign banks and foreign governments C) less than one quarter; households and firms in countries where there is little confidence in the local currency D) less than one quarter; foreign banks and foreign governments

Philosophical issues regarding income redistribution deal with all of the following except

A. What is the ideal distribution of income? B. What is and is not possible? C. What is just? D. What is fair?