Refer to the figure below. A nation that has an income distribution of perfect equality would be represented by curve:
A. a
B. b
C. c
D. d
A. a
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Inflation can be defined as
A) an increase in the purchasing power of money. B) a decrease in the purchasing power of money. C) no change in the purchasing power of money. D) an increase in real income.
Almost everyone is affected directly or indirectly by high rates of employment or high and variable rates of inflation
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
a. People who invest in the stock market are virtually certain to make money. b. Investors in the stock market can reduce their risk if they hold shares of specific stocks for only short periods of time. c. The risk of stock market investments can be reduced through the holding of a diverse portfolio of unrelated stocks over long periods of time. d. In the long run, corporate bonds can be expected to yield a higher real rate of return than ownership of stocks.
An industry's equilibrium wage rate is established
A) by the industry supply curve for labor alone. B) by the slope of the industry demand curve for labor alone. C) by the Labor Department and based on the cost of living in the area. D) by the intersection of the industry supply and demand curves for labor.