Refer to the graph shown.
The country with the most unequal distribution of income is:
A. the United States.
B. Sweden.
C. Brazil.
D. Taiwan.
Answer: C
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Keynes thought that expectations are
a. a function of current income. b. predictable and stable. c. an important determinant of consumption. d. unpredictable and influences planned investment.
If a market is such that, at the market equilibrium quantity, the benefit of the last unit produced just equals its marginal cost
a. it has earned a positive economic profit b. it has achieved productive efficiency c. it has achieved allocative efficiency d. it has achieved economies of scale e. there are further trades than can increase producer surplus
Any event that causes either the demand curve or the supply curve to shift will also change the equilibrium price and quantity
a. True b. False Indicate whether the statement is true or false
There is essentially no risk of default for U.S. government securities
a. True b. False Indicate whether the statement is true or false