"The government should choose policies deemed to be just, as evaluated by an impartial observer behind a ‘veil of ignorance.'" This statement is most closely associated with which political philosophy?

a. liberalism
b. utilitarianism
c. libertarianism
d. welfarism

a

Economics

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________: the area below the market demand curve and above the market supply curve

Fill in the blank(s) with correct word

Economics

National income can be calculated by subtracting

A. depreciation from GDP. B. indirect business taxes from GDP. C. depreciation and indirect business taxes from GDP. D. transfer payments and taxes from GDP.

Economics