Refer to the diagram. If line (c) represents the distribution of income before taxes and transfers and line (b) represents the distribution after taxes and transfers, then taxes and transfers have:
A. added to income inequality.
B. decreased the Gini ratio.
C. increased poverty.
D. reduced real GDP per person.
B. decreased the Gini ratio.
Economics
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Compared to a single-price monopolist, a price-discriminating monopolist
A) produces more output. B) produces the same amount of output but charges a higher price. C) generates a larger deadweight loss. D) produces less output but charges a lower price.
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Explain what a PAYGO rule is
What will be an ideal response?
Economics