“The most popular justification for the interventionist state is to create or ensure fairness and justice in the distribution of income...Income is not distributed. In a free society, income is earned.” Which economic perspective does the quotation above best represent? conservative positive analysis radical liberal libertarian Question 2 _____ is an assumption used in economics in which other relevant factors or variables are held constant. Ceteris paribus Scarcity rule Montani semper liberi Variable costs Marginal revenue maximization
“The most popular justification for the interventionist state is to create or ensure fairness and justice in the distribution of income...Income is not distributed. In a free society, income is earned.” Which economic perspective does the quotation above best represent? conservative positive analysis radical liberal libertarian Question 2 _____ is an assumption used in economics in which other relevant factors or variables are held constant. Ceteris paribus Scarcity rule Montani semper liberi Variable costs Marginal revenue maximization
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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“The most popular justification for the interventionist state is to create or ensure fairness and justice in the distribution of income...Income is not distributed. In a free society, income is earned.”
Which economic perspective does the quotation above best represent?
conservative
positive analysis
radical
liberal
libertarian
Question 2
_____ is an assumption used in economics in which other relevant factors or variables are held constant.
Ceteris paribus
Scarcity rule
Montani semper liberi
Variable costs
Marginal revenue maximization
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