An increase in the public debt and its subsequent repayment will tend to
A. make the income distribution more equitable in the U.S.
B. mildly increase the income inequality in the U.S.
C. mildly reduce the income inequality in the U.S.
D. have no impact on the income distribution in the U.S.
Answer: B
You might also like to view...
As we move along the production possibilities frontier,
A) the production of one good increases as the production of the other good decreases. B) more of both goods can be produced. C) the possibilities of tradeoffs diminish. D) a tradeoff is not possible because nations need all goods. E) less of both goods can be produced.
Refer to the above figure. If the union wants to maximize the total income of its members who work, it will set wages at
A) W1. B) W2. C) W3. D) W4.
Why are cotton and wheat substitutes in production?
a. The production of one enables the production of the other. b. They both can be produced using the same resources. c. They both can be used by consumers for the same purposes. d. The production of one negates the production of the other.
If China has domestic assets of $50 billion, domestic liabilities of $100 billion, and $50 billion in foreign assets, a 10% appreciation of the Chinese yuan will:
A) cause the Chinese domestic assets to increase in value. B) cause the Chinese domestic liabilities to decrease in value. C) cause the overall wealth to decrease by 5%. D) cause the overall wealth to increase by 5%.