Which of the Following People Would Tend to Favor a Communist

question 278

Multiple Choice

Which of the following people would tend to favor a communist economy?

• A) Fred prefers to live in a country with low marginal tax rates.
• B) Lizzie prefers to live in a country that encourages rapid economic growth.
• C) Kara prefers to live in a country where the government makes almost all of the economic decisions.
• D) Bryan prefers to live in a country with limited government regulation.

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Definitions:

Videocassette

A medium for the recording of analog audio and video tapes, now largely obsolete.

Diminishing Marginal Utility

The principle that the satisfaction or utility gained from consuming each additional unit of a good or service decreases as more of it is consumed over a certain period.

Indifference Curves

Indifference curves are graphs showing different combinations of two goods that provide equal satisfaction and utility to a consumer.

Budget Constraint

The cap on the combinations of goods a consumer is able to purchase, determined by their earnings and the cost of those items.