One productivity standard for income distribution stated in the text is
A) income distribution should be based on contribution to society's total output.
B) tax payments are higher for higher income people.
C) poor people pay too much in taxes.
D) the poor should contribute more to society.
A
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The vertical distance between total cost curve and total variable cost curve is equal to
A) average fixed cost. B) total fixed cost. C) average variable cost. D) average total cost. E) marginal cost.
To measure economic welfare, one needs only to measure real GDP
Indicate whether the statement is true or false
Which of the following will NOT cause a shift in the demand for portable power banks?
A. a change in income B. a change in the price of portable power banks C. a change in taste D. a change in the price of smartphones
One of the main arguments against further growth for industrialized nations focuses on the problem og:
What will be an ideal response?