In the figure above, income is most unequally distributed
A) in Country A.
B) in Country B.
C) in Country C.
D) in one of the nations, but without more information, it is not possible to determine in which country income is distributed most unequally.
C
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In the short run, even if a monopoly's total revenue does not cover its variable costs, it should continue to produce because ultimately in the long run, the monopoly will start earning profits
Indicate whether the statement is true or false
Which of the following is an example of a fungible commodity?
A. Picasso paintings B. Houses C. Live concerts D. None of these is a fungible commodity.
Paying off the national debt brings about a(n)
a. increase in the money supply. b. redistribution of income. c. economic contraction. d. upward push on interest rates.
Generally speaking, protection from foreign competition benefits:
a. both domestic producers and foreign producers. b. both domestic consumers and foreign consumers c. domestic consumers and foreign consumers. d. neither domestic producers nor foreign producers. e. domestic producers at the expense of domestic consumers.