The "big tradeoff" refers to the point that governmental redistribution of income causes
A) less efficiency because it weakens incentives to work.
B) less efficiency because it strengthens incentives to work.
C) more efficiency because it weakens incentives to work.
D) more efficiency because it strengthens incentives to work.
A
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The utility-maximization condition for two goods is achieved by equating the:
a. prices of both goods b. marginal utilities of both goods c. ratios of total utility to price of both goods d. ratios of marginal utility to price of both goods
The long-run output of an economy depends on: (school)
What will be an ideal response?
Explain how the decrease in the birthrate may lower economic growth
Please provide the best answer for the statement.
A consumer satisfies the condition ________ when her indifference curve is just tangent to her budget constraint.
A. MUx/Px = MUy/Py B. TUx = TUy C. MUx = MUy D. TUx/Px = TUy/Py