When comparing the percentage of income (or expenditure) of the lowest and highest 10 percent of the population,
a. South Africa has a more equal income distribution than the United States.
b. South Africa has a more equal income distribution than Japan.
c. Japan has a more equal income distribution than the United States.
d. Mexico has a more equal income distribution than Germany.
c
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Refer to the scenario above. If the cost of advertising is negligible, what will the outcome of this game be?
A) Company A will advertise its products while Company B will not advertise. B) Company B will advertise while Company A will not advertise. C) Both the companies will advertise their products. D) Neither of the companies will advertise its products.
Because of the income effect, a higher wage rate
A) shifts the supply of labor curve leftward. B) shifts the supply of labor curve rightward. C) leads to a decrease in quantity of labor supplied. D) leads to an increase in quantity of labor supplied.
Labor force participation is a guaranteed ticket out of poverty
Indicate whether the statement is true or false
In Niskanen's theory, bureaucrats obtain the budget they want by
a. lowering prices to consumers b. raising prices to consumers c. promising to produce more efficiently d. threatening legislatures with an all-or-nothing choice e. allowing legislators to cut particular items from their budget