The above figure shows the Lorenz curve for wealth for the nation of Rusha. If the government were to confiscate half of the wealth from the wealthiest twenty percent of the population and give it to the poorest twenty percent, then
A) wealth distribution would be more equal.
B) wealth distribution would be unchanged.
C) wealth distribution would be more unequal.
D) the Lorenz curve would shift rightward.
A
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One of the implications of new growth theory is that economic growth arises from
A) financial safety nets for the poor, such as Medicaid. B) investments in knowledge. C) reductions in the birth rate. D) limits on international trade.
The channels through which monetary policy affects economic activity are called the ________ of monetary policy
A) transmission mechanisms B) flow mechanisms C) distribution mechanisms D) allocational mechanisms
Economists attempt to discover explanations for events that are observed.
a. true b. false
The mental and physical capacity of workers to produce goods and services is known as:
A. labor. B. entrepreneurship. C. value judgment. D. product sensitivity.