Taxes and transfers in the United States
A) shift the Lorenz curve inward.
B) shift the Lorenz curve outward.
C) cancel out so that the Lorenz curve does not shift.
D) shift the Lorenz curve inward at low incomes, outward at high incomes.
A
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Compared with other bonds, convertible bonds usually have
A) less liquidity. B) a higher price. C) a higher yield. D) low tax payments.
If a firm needs one machine to produce a product, and must replace the machine when it wears out, then the firm should pick a durability level of the machine that
A) minimizes the expense today. B) minimizes the present discounted cost of having the machine forever. C) maximizes the future value of the machine. D) minimizes the future value of the machine.
The law of supply implies that the supply curve is
A) flat. B) upward sloping. C) downward sloping. D) vertical.
Interdependence among firms is characteristic of: a. perfectly competitive markets
b. monopoly markets. c. oligopoly markets. d. monopolistically competitive markets.