GDP is a good measure of the distribution of income

Indicate whether the statement is true or false


FALSE

Economics

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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

Economics

Which of the following is true of a recessionary gap?

What will be an ideal response?

Economics

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.

Economics

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.

Economics