Income inequalities are often greatest in the poorest countries.
Answer the following statement true (T) or false (F)
True
Richer nations tend to be better at reducing income inequality than are poorer nations.
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The fact that the children of the poor drop out of school earlier than other children is evidence of the flawed character of the poor
Indicate whether the statement is true or false
Governments sometimes subsidize domestic industries. When this occurs
A) the governments will not impose tariffs. B) the subsidized sell less in international markets because it is more profitable to sell at home. C) the subsidized industries have an advantage on international markets relative to non-subsidized firms. For this reason, other countries often impose tariffs on the subsidized imports. D) the subsidized industries have an advantage on international markets relative to nonsubsidized firms. However, this is not an argument for imposing tariffs and tariffs would violate international agreements.
If the government cuts the tax rate, workers get to keep
a. less of each additional dollar they earn, so work effort increases, and aggregate supply shifts right. b. less of each additional dollar they earn, so work effort decreases, and aggregate supply shifts left. c. more of each additional dollar they earn, so work effort increases, and aggregate supply shifts right. d. more of each additional dollar they earn, so work effort decreases, and aggregate supply shifts left.
Which of the following is the best example of a buyer indicating his or her wants in the marketplace?
a. Ariel posts product reviews on social media sites. b. Javier answers a marketing survey. c. Qing avoids buying a certain high-priced product. d. Lola enrolls in a rewards program.