Which of the following is not a source of inequality in incomes?
a. redistribution of income
b. differences in intensity of work
c. differences in ability
d. risk taking
a
You might also like to view...
Large differences in inflation rates among countries are almost always the result of large differences in
A) productivity. B) real income growth. C) the growth rates of real money demand. D) the growth rates of nominal money supplies.
Which of the following statements is a defining feature of a corporation?
a. The owners of a corporation face unlimited liability on debts. b. A corporation owns and operates units only in foreign countries. c. A corporation is created by a verbal agreement. d. A corporation that is based on a verbal agreement is also recognized by State law. e. A corporation has a legal identity that is separate from that of its owners.
Which of the following products has the most elastic demand?
A. Raspberry Mocha Kona coffee blend at Starbuck's B. Starbuck's coffee C. coffee D. all beverages
The full-employment and full-adjustment level of real Gross Domestic Product (GDP) in the economy is represented by
A. the distance between the LRAS curve and the AD curve. B. the AD curve. C. the LRAS curve. D. the horizontal line at the price level.