The most common argument for income redistribution is that
A. it provides more incentive for people to try to better themselves.
B. it works-it reduces the poverty rate.
C. a society as wealthy as the United States has a moral obligation to provide its members with the basic necessities of life.
D. it improves efficiency in the economy.
Answer: C
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The poverty income level equals the:
a. average income of the bottom one-tenth of all income recipients. b. cost of an economical and nutritional food plan for a family multiplied by six. c. cost of an economical and nutritional food plan for a family multiplied by three. d. average income of a family headed by a worker who has been unemployed for six months or more.
A business organization owned and operated by a group of individuals for their mutual benefit:
a. cooperative b. corporation c. trade association d. limited partnership e. sole proprietorship
Suppose that you are a manager. You are considering whether or not to monitor employees with the payoffs in the normal-form game shown below.ManagerWorker??WorkShirk?Monitor-1,11,-1?Don't Monitor1,-1-1,1What should the manager do to solve the shirking problem?
A. Never monitor. B. Always monitor. C. Engage in "random" spot checks of the workplace. D. Sincerely tell workers not to shirk.
Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5
The current year per unit prices of these three goods are A = $2, B = $3, and C = $1. (Advanced analysis) Refer to the information. If the per unit prices of the three goods were each $1 in a base year used to construct a GDP price index, then real GDP in the current year is: A. $110. B. $115. C. $45. D. $160.