Annual income data would be a better index of economic inequality if
a. all households filed tax returns revealing their real income.
b. households were more different with regard to age and size characteristics.
c. all households were more similar with regard to size, age, education, and other major factors that are linked to income.
d. mathematicians could grasp the complexities of the calculations.
C
Economics
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In a market with perfectly competitive firms, the market demand curve is usually ____ and the demand curve facing each individual firm ____
a. upward sloping; horizontal b. downward sloping; horizontal c. horizontal; downward sloping d. downward sloping; downward sloping
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What is human capital, and how does it affect U.S. productivity?
What will be an ideal response?
Economics