If Bianca earns 5 percent on her wealth and that income amounts to $40,000, what is Bianca's wealth?
What will be an ideal response?
Bianca's wealth is $800,000.
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Which of the following countries has a Lorenz curve that is furthest away from the perfect equality line? a. Brazil
b. The United States. c. Czech Republic d. All have equal income distributions.
As far as redistribution is concerned, if the inflation rate is lower than anticipated...
What will be an ideal response?
Figure 34.2 illustrates two labor supply curves. If in-kind payments become readily available in this economy and marginal tax rates increase significantly, we would expect a shift from
A. S2 to S1 and a movement down S1. B. S2 to S1 only. C. S1 to S2 only. D. S2 to S1 and a movement up S1.
To cut inventories, firms produce ________ and real GDP ________, which ________ people's incomes
A) less; rises; lowers B) less; falls; lowers C) less; rises; raises D) more; falls; lowers E) more; rises; raises