One reason scholars argue that government activity should be considered when evaluating the measured income distribution because:
a. the lowest-income quintile has benefited from state-subsidized higher education more than have middle-income and higher income quintiles.
b. the higher-income quintiles have benefited more than the poor from housing subsidies and Medicaid
c. the middle and higher-income quintiles have benefited more than the poor from state-subsidized airports, airlines, operas, and museums.
d. the lowest-income quintile has benefited more than middle-income and upper-income quintiles from state-subsidized airports, airlines, operas, and museums.
c
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When there is a surplus of snowboards, the
A) demand for snowboards is greater than the supply of snowboards. B) supply of snowboards is greater than the demand for snowboards. C) quantity of snowboards demanded is greater than the quantity of snowboards supplied. D) quantity of snowboards supplied is greater than the quantity of snowboards demanded. E) price rises to restore the equilibrium.
The Kremerian model on population growth:
a. contradicts the Thomas Malthus claim that higher population growth rate causes poverty. The model suggests that poverty causes population growth, and not the other way around. b. provided additional empirical support to Thomas Malthus' claim that higher population growth rate causes poverty. c. contradicts the Thomas Malthus claim that higher population growth rate causes poverty. The model suggests that world population growth and poverty are completely unrelated. d. contradicts the Thomas Malthus claim that higher population growth rate causes poverty. The model suggests that world population growth is a key driver of advancing economic prosperity.