Redistribution can be thought of as insurance because _____
a. those with low incomes often do not think of purchasing insurance
b. those with low incomes cannot afford insurance
c. individuals want to protect themselves from the small probability that they might become impoverished
d. a and b
c
Economics
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The economist Hernando de Soto extensively studied:
a. the problem of scarcity. b. opportunity costs. c. insecure property rights. d. economic freedom in rich countries. e. the sources of comparative advantage in trade.
Economics
As marginal physical product diminishes, marginal revenue product
A. Rises at a diminishing rate and eventually falls. B. Also diminishes. C. Rises. D. Is not affected.
Economics