Which of the following does not explain why data on income distribution and the poverty rate give an incomplete picture of inequality?
a. in-kind transfers
b. economic life cycle
c. transitory income
d. All of the above contribute to an incomplete picture of inequality.
d
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The statement "An increase in the price of gasoline will lead to a decrease in the amount purchased" is
A) a political statement. B) a positive statement. C) a normative statement. D) a scientific statement.
An information product typically has
A) high total fixed costs and high marginal costs. B) low total fixed costs and low marginal costs. C) low total fixed costs and high marginal costs. D) high total fixed costs and low marginal costs.
Research and development refers to the activity of firms, universities, and government agencies that seek to invent new products and processes.
Answer the following statement true (T) or false (F)
______ disperse power by giving constitutional courts the authority to invalidate acts of government.
A. Legislative supremacy constitutions B. Higher law constitutions C. Symmetric constitutions D. Asymmetric constitutions