Which of the following is not a question that economists try to answer when measuring the distribution of income?
a. How many people live in poverty?
b. How often do people receive a raise at work?
c. How often do people move among income classes?
d. What problems arise in measuring the amount of inequality?
b
You might also like to view...
Based on the above figure, if countries "A" and "B" faced the production possibilities curves above, both countries would benefit if
A) they did not trade. B) "A" produced industrial goods, and "B" produced agricultural goods. C) "B" produced industrial goods, and "A" produced agricultural goods. D) they both produced both industrial and agricultural goods.
When a monopsony coal mining firm has control over employment in the rich coal fields of Harlan County, Kentucky,
a. it will pay its workers the market equilibrium wage b. workers will work for the firm that pays the higher wage rate c. coal buyers will continue to buy coal from other counties d. coal miners will only have one employment option e. wages will be determined only by the demand for labor
The Fed's policy decisions have an important influence on
a. inflation in the long run and employment and production in the short run. b. inflation in the long run and employment and production in the long run. c. inflation in the short run and employment and production in the short run. d. inflation in the short run and employment and production in the long run.
Simple majority rule will almost always generate efficient outcomes
Indicate whether the statement is true or false