Why does the census data overstate inequality?
a. They overestimate the non cash transfers received by the people from the government.
b. They take into account the after-tax incomes.
c. They take into account the gifts and transfer receipts from friends and relatives staying abroad.
d. They do not consider the in-kind transfers received by the people from the government.
e. They overestimate the medical benefits received by the people from the government.
d
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In the life-cycle hypothesis, if a person enters working life with an inherited stock of assets, this
A) raises his consumption during the working years. B) raises his consumption during the retirement years. C) raises his consumption in every year. D) lowers his consumption during the retirement years. E) lowers his consumption during the working years.
The legislation passed by Congress in 1914 to strengthen the government's powers and authorize private lawsuits was the
a. Morgan Act. b. Sherman Act. c. Clayton Act. d. 14th Amendment.
A government might use tax to:
a) Discourage consumption of goods with positive externalities b) Discourage consumption of public goods c) Discourage consumption of merit goods d) Discourage consumption of goods with negative externalities
An increase in unemployment insurance and other transfer payments may
A. increase the number of discouraged workers. B. reduce the rate of inflation at every level of unemployment. C. lead to less unanticipated inflation. D. increase the natural rate of unemployment.