The distribution of money income can be represented graphically using
A. a Distribution curve.
B. a Keynesian curve.
C. supply and demand diagrams.
D. a Lorenz curve.
Answer: D
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From 8 P.M. to 10 P.M., Susan can attend a movie, study, or talk with friends. Suppose that Susan decides to go to the movie but thinks that, if she hadn't, she would otherwise have talked with friends
The opportunity cost of attending the movie is A) talking with friends and studying. B) studying. C) talking with friends. D) two hours of time.
The division of labor refers to
A) the separation of blue-collared workers and white-collared workers. B) finding the best order of performing tasks. C) the separation of workers into union workers and non-union workers. D) the assignment of different workers to different tasks.
Crowding in occurs when government spending improves business expectations about the future and leads to higher business investment spending
a. True b. False Indicate whether the statement is true or false
The notion that regulated industry members themselves, sooner or later, are able to control regulatory bodies is referred to as
A. the control theory. B. consumerism. C. cartelization. D. the capture hypothesis.