The three problems with determining whether an equal income distribution is fair include all of the following except:
A. income differences and wealth differences are not the same.
B. people's efforts differ.
C. people don't start from equivalent positions.
D. people's needs differ.
Answer: A
You might also like to view...
The "troika" that helped Greece avoid defaulting on its debt including all of the following EXCEPT:
A) IMF B) European Central Bank C) World Bank D) European Commission
Consumers buy less of a good as its price increases because:
a. production costs have risen. b. substitute goods are now relatively cheaper. c. the income of consumers has effectively risen. d. the higher price will make the good more valuable to each consumer.
On a linear demand curve, demand is ________ at large quantities than it is at the middle of the demand curve.
A. more elastic B. less elastic C. equally elastic D. There is insufficient information in the question.
If pizzas and quesadillas are substitutes and the price of pizzas decreases, we would expect to see:
A. an increase in the quantity demanded for quesadillas. B. a decrease in the demand for quesadillas. C. an increase in the demand for quesadillas. D. a decrease in the quantity demanded for quesadillas.