If income redistribution policy is based on the relative concept of poverty, the war on poverty
a. will be won quite soon.
b. is, by definition, unwinnable.
c. has not helped at all.
d. has already been won.
b
You might also like to view...
In the aggregate production function Y = A , real business cycle theory treats ________ as the key independent variable
A) potential output B) productivity C) the capital stock D) the labor input
Because the labor supply curve for a monopsonist is upward sloping, the monopsonist
A) hires zero units of labor. B) chooses the perfectly competitive quantity of labor. C) must increase the wage to attract more units of labor. D) must take the wage as given by the market.
The GDP deflator is designed to adjust nominal GDP for changes in
a. the level of transfer payments. b. the quality of goods over time. c. the costs of economic bads such as pollution and crime. d. the general level of prices over time.
Imposing fines on companies that contribute heavily to air and water pollution is an attempt to bring marginal private costs in line with marginal social costs.
Answer the following statement true (T) or false (F)