How has the distribution of income changed in the past few decades?
What will be an ideal response?
From 1970 economic inequality in the United States has increased. The share of income received by the richest quintile (20 percent) of the population has increased and this is the major change in the distribution of income.
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The false paradigm model attributes lack of development to
a. inadequate attention to price incentives. b. inappropriate advice from rich country economists. c. low levels of savings and investment. d. a lack of government regulation.
A box of biodegradable baby diapers is an example of a(n) ________ good and also an example of a(n) ________ good.
A) inspection; experience B) credence; inspection C) credence; experience D) inspection; greenwashed
Show or explain the externality argument for government regulation of the environment. Describe a policy the government could adopt that would reduce pollution, but not require estimation of the optimal pollution tax
Unemployment insurance is designed to offer workers full protection against job loss
a. True b. False Indicate whether the statement is true or false