The country reflecting perfect income equality in the above figure is
A) country 4.
B) country 1.
C) country 5.
D) country 3.
C
Economics
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An increase in labor supply increases the equilibrium wage rate and decreases the number of workers hired
a. True b. False Indicate whether the statement is true or false
Economics
In a self-selection problem, the explanatory variables can be:?
A. ?endogenous. B. ?exogenous. C. ?independent. D. ?random.
Economics
Why do opportunity costs increase as society produces more of a good?
What will be an ideal response?
Economics
An unexpected decrease in nonlabor income will have a negative effect on a household's consumption.
Answer the following statement true (T) or false (F)
Economics