The amount of money one would have to give to a consumer to offset the harm from a price increase is called

The Condorcet paradox demonstrates that the order in which people vote on choices may influence the final outcome

a. True b. False Indicate whether the statement is true or false

Suppose that a family saves and borrows to buffer itself against changes in income. These actions relate to which problem in measuring inequality?

a. in-kind transfers b. negative income tax c. transitory versus permanent income d. economic mobility