An income distribution in which all households receive exactly the same income is referred to as a(n)
a. just distribution of income.
b. proportional distribution of income.
c. equal distribution of income.
d. equitable distribution of income.
c. equal distribution of income.
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Refer to the information above. An economy's real GDP per person doubles every 18 years when it maintains a growth rate of ________ per year
A) 5.6 percent B) 4.0 percent C) 0.25 percent D) 0.9 percent
In order to explain the relative sizes of families in urban versus rural environments, some economists viewed children as investment or durable consumptions goods, respectively
Indicate whether the statement is true or false
Under a "cost-plus" system of hospital reimbursement, hospitals have the incentive to _____
a. minimize expenditures b. purchase the most recent high-tech equipment c. release patients early d. shift away from more expensive surgeries
For poor countries, a lack of capital and poorly developed infrastructure contribute to low farm productivity.
Answer the following statement true (T) or false (F)