All of the following lead to a difference in income EXCEPT
A) sales tax.
B) discrimination.
C) the age-earnings cycle.
D) marginal productivity.
Answer: A
You might also like to view...
In Keynes's liquidity preference framework, as the expected return on bonds increases (holding everything else unchanged), the expected return on money ________, causing the demand for ________ to fall
A) falls; bonds B) falls; money C) rises; bonds D) rises; money
The least volatile component of current consumption expenditure is ________, and the changes in its relative importance help explain why the volatility of overall consumption has ________ since the 1950s
A) nondurable goods, risen B) nondurable goods, fallen C) durable goods, stayed the same D) durable goods, fallen E) services, stayed the same
What is the value of the intra-industry trade index for an industry in which exports are $100 million and imports are $100 million?
a. 100/200 = 0.50 b. (100 + 100)/100 = 2.00 c. 100/[1/2 × (100 + 100)] = 1.00 d. (100 - 100)/100 = 0.00
Most credit cards charge a relatively high rate of interest, yet many people carry them, including people who would be considered low-risk borrowers. Our discussion of adverse selection said that low-risk borrowers should have been discouraged from these. What gives?
What will be an ideal response?