The two general approaches to reducing global poverty include the redistribution of incomes and economic growth.
Answer the following statement true (T) or false (F)
True
In principle, the two general approaches to global poverty reduction are redistribution of incomes within and across nations and economic growth that raises average incomes.
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Which of the following markets will have the largest deadweight loss?
A) A market that consists of perfectly competitive firms. B) A market that consists of a single-price monopoly. C) A market that consists of a perfect price discriminating monopoly. D) None of the above. There is no deadweight loss as long as firms produce at the level of output where marginal revenue equals marginal cost.
If you pay $2,000 in taxes on an income of $20,000, and a tax of $2,700 on an income of $30,000, then over this range of income the tax is
A) regressive. B) proportional. C) progressive. D) There is insufficient information to answer the question.
The government would use production taxes to remedy the problem of substantial:
a. internal benefits of production. b. external benefits of production. c. external costs of production. d. external benefits of consumption e. external costs of consumption.
Which of the following will most likely reduce the natural rate of unemployment?
a. an increase in the minimum wage b. an increase in unemployment benefits c. an increase in the proportion of prime-age workers (35-54) as a share of the labor force d. an increase in the labor force participation rate of teenagers