GDP is a good measure of the distribution of income
Indicate whether the statement is true or false
FALSE
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A pay-as-you-go system of financing Social Security is not as good as a fully funded system.
A. True B. False C. Uncertain
Which of the following is true of a recessionary gap?
What will be an ideal response?
All of the following will cause a shift in the supply of wireless earbuds EXCEPT
A. an increase in the cost of producing wireless earbuds. B. a per-unit government subsidy on the production of wireless earbuds. C. a decrease in the number of wireless earbuds manufacturers. D. a decrease in the prices of wireless earbuds.
An increase in the productivity of a factor of production will
A. shift its marginal revenue product curve to the left. B. cause a firm to move up the marginal revenue product curve. C. cause a firm to move down the marginal revenue product curve. D. shift its marginal revenue product curve to the right.