Economists study poverty and income inequality to answer which of the following questions?
a. What are people's wages?
b. How does labor-force experience affect wages?
c. How much inequality is there in society?
d. How do people adjust their behavior due to taxation?
c
Economics
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Which of the following is true?
A) Profit as calculated by accountants and economic profit are not necessarily equal. B) Profit as calculated by accountants is always smaller than economic profit. C) Economic profit ignores implicit costs. D) The Internal Revenue Service taxes the firm's economic profit but not its normal profit. E) The Internal Revenue Service taxes the firm's normal profit but not its economic profit.
Economics
In the year 2000, per pupil expenditures on education in the United States were around _____
a. $4000 b. $5000 c. $6000 d. $7000
Economics