The belief that everyone should have exactly the same amount of income is
A. merit standard.
B. egalitarian principle.
C. Lorenz principle.
D. comparable-worth doctrine.
Answer: B
You might also like to view...
Microeconomics is the study of aggregate behavior in the economy
Indicate whether the statement is true or false
Which of the following is not a potential source of demand for real loanable funds in the U.S. real loanable funds market?
a. U.S. individuals. b. U.S. businesses c. U.S. governments (state, local, and national). d. Foreign governments, businesses, and individuals. e. All the above are potential sources of demand.
In the open economy model, the supply of loanable funds comes from national saving and net capital outflow
a. True b. False Indicate whether the statement is true or false
A company switches from a medical plan that covered all medical costs to a medical plan with a high deductible, making employees responsible for the first $1,500 of health care costs. Other things the same, a higher deductible is expected to:
A. increase both medical claims and hospital admissions. B. reduce both medical claims and hospital admissions. C. increase medical claims and reduce hospital admissions. D. reduce medical claims and increase hospital admissions.