For most countries, the Gini coefficient of market income is lower than the Gini coefficient of disposable income.
Answer the following statement true (T) or false (F)
False
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If the cross elasticity of demand is -5 between french fries and orange drink, then french fries
A) and orange drink are complements. B) and orange drink are substitutes. C) are a normal good and orange drink is an inferior good. D) are an inferior good and orange drink is a normal good.
A firm with a sales department, a production department, and a marketing department provides an example of
A) team production. B) joint production. C) economies of scale. D) economies of different departments.
An expenditure schedule model with no government sector shows the relationship between
a. C and national product. b. C and disposable income. c. C + I and national income. d. GDP and disposable income.
Which would cause an increase in the supply curve of cell-phone services?
A. A decrease in the wages of phone-company workers B. An increase in the price of cell-phone services C. An increase in the taxes paid by cell-phone service providers D. A decrease in a subsidy given to cell-phone service providers