The measured distribution of ________ is a more accurate indicator of the degree of economic inequality than the measured distribution of ________ because ________ data does not include ________
A) income; wealth; wealth; human capital
B) wealth; income; income; holdings of real estate
C) wealth; income; income; human capital
D) income; wealth; wealth; employment information
A
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Although ________ initially proposes and ultimately approves the budget, the discussion and amendment process rests with ________
A) the U.S. Treasury; Congress B) Congress; the President C) Congress; the Federal Reserve D) the Senate; the President E) the President; Congress
One advantage of user charges is they _____
a. increase with inflation b. they apply the ability-to-pay principle of taxation c. help ration consumption of the taxed good d. a and c
The net worth of a bank is defined as the difference between
a. income and expenses. b. assets and liabilities. c. loans and deposits. d. loans and reserves.
A country that runs a trade surplus increases current consumption at the expense of future consumption.
Answer the following statement true (T) or false (F)