Q: The unemployment rate does not measure the full impact of unemployment on
The unemployment rate does not measure the full impact of unemployment on individuals. Prolonged unemployment not only means lost wages, but it also impairs health and social relationships. The United...
See AnswerQ: Radio was in existence for 38 years before 50 million people tuned
Radio was in existence for 38 years before 50 million people tuned in. Television took 13 years to reach that benchmark. Sixteen years after the first PC kit was introduced, 50 million people were usi...
See AnswerQ: There is a global market in human organs in spite of attempts
There is a global market in human organs in spite of attempts to prevent these transactions. For example, China banned organ sales in 2006, and India did the same in 1994. Conversely, in Iran regulate...
See AnswerQ: In the late 1980s, many farmers who were tired of milking
In the late 1980s, many farmers who were tired of milking cows, roping steers, and slopping hogs decided to try their hand at a new animal. Anyone feeding this animal, however, could require a gun for...
See AnswerQ: The following articles are two historical examples of hyperinflation: The
The following articles are two historical examples of hyperinflation: The first is a Wall Street Journal article from 1985 that describes hyperinflation in La Paz, Bolivia; the second article is from...
See AnswerQ: The inflation rate for health care in the United States has consistently
The inflation rate for health care in the United States has consistently exceeded the overall rate of inflation over the last half century. According to the Bureau of Labor Statistics, in 2016, the co...
See AnswerQ: What are the advantages and disadvantages of the price system?
What are the advantages and disadvantages of the price system?
See AnswerQ: In The General Theory of E mployment, Interest, and Money
In The General Theory of E mployment, Interest, and Money, Keynes wrote: The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than i...
See AnswerQ: Supply-side economics became popular during the presidential campaign of 1980
Supply-side economics became popular during the presidential campaign of 1980. This fiscal policy prescription gained prominence after supply-side economist Arthur Laffer, using his pen to draw on a p...
See AnswerQ: Two controversial fundamental tax reform ideas are often hot news topics.
Two controversial fundamental tax reform ideas are often hot news topics. One proposal is the flat tax discussed earlier in this chapter, and the other is a national sales tax. The flat tax would gran...
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