It would be more reasonable to use annual income data as an index of economic inequality if all of the households
a. filed tax returns and thus all their income were known.
b. were different with regard to their age and size characteristics.
c. were more similar with regard to size, age, education, and other major factors that are linked to income.
d. were more similar with regard to their hair color, height, and weight.
C
You might also like to view...
Which of the following usually leads to currency appreciation?
A. Galloping inflation B. Relatively low interest rates C. Declining real GDP D. Fixed exchange rates
Suppose two individuals, Pooh and Piglet, desire protection (provided by Tigger) for their community, The Hundred Acre Wood, from heffalumps. Protection is a public good
The marginal cost of protection as well as Piglet's and Pooh's marginal benefits from protection are in the table above. What is the quantity of protection that achieves the maximum net benefit? A) 1 hour per day B) 2 hours per day C) 3 hours per day D) 4 hours per day
Having insatiable wants is similar to saying that
a. people should not be so greedy b. more is always better c. total satisfaction is obtainable d. resources are scarce e. limits are surmountable
During a period of persistent inflation,
a. borrowers will systematically gain at the expense of lenders. b. nominal interest rates will rise and eventually reflect the expected rate of inflation. c. once borrowers and lenders fully anticipate the inflation rate, there is no reason to expect that either will systematically gain relative to the other. d. both b and c are correct.