According to advocates of income inequality, if income were to be distributed equally,
a. productivity would increase
b. it would take a little time for the distribution to become unequal again
c. efficient allocation of resources would occur
d. the MRP of the poor would rise and the MRP of the rich would fall
e. productivity would decrease
E
You might also like to view...
Mr. Johnson earns $100,000 per year. Each year he spends $70,000 and saves $30,000. He pays 5 percent sales tax on all his spending. Assuming this is only tax he pays, his average tax rate out of his income is:
a) 5.0 percent b) 1.5 percent c) 3.5 percent d) 2.5 percent
Which of the following is not a determinant of the demand:
Select one: a. Income b. Price c. Technology d. Beliefs and traditions
The major goals of organizational behavior are to
What will be an ideal response?
Refer to the information provided in Figure 25.2 below to answer the question(s) that follow.
Figure 25.2Refer to Figure 25.2. Suppose the money demand is currently at Point B. A movement to Point A could be caused by
A. a decrease in nominal income. B. an increase in the interest rate. C. an increase in nominal income. D. a decrease in the interest rate.