The easiest way to create greater income equality is to _____
a. raise everyone's income by the same percentage
b. raise everyone's income by the same amount
c. raise the incomes of the poor
d. lower the incomes of the rich
d
You might also like to view...
A movement along the bond demand or supply curve occurs when ________ changes
A) bond price B) income C) wealth D) expected return
According to the Coase theorem, externality problems may be solved if the parties involved can negotiate. Which of the following is also needed?
a. clearly defined bargaining costs b. enforceable bargaining costs c. clearly defined, enforceable property rights and low bargaining costs d. a property right that cannot be bought or sold e. government regulation
In a market economy, differences in incomes: a. reflect the relative scarcity of resources
b. provide individuals with an incentive to supply resources that are valued by others. c. determine the income distribution among market participants. d. all of the above are correct.
A technological advance may come in either the form of a product or a process innovation
a. True b. False Indicate whether the statement is true or false