According to economists who emphasize the connection between productive contribution and economic reward, a more equal income distribution
a. is instrumental to economic growth
b. always helps the poor in the long run
c. is at the heart of the ethics underlying competitive markets
d. creates inefficiency
e. may create a bigger GDP, but the individual shares of the GDP are smaller
D
Economics
You might also like to view...
The riskiness of an asset that is unique to the particular asset is
A) systematic risk. B) portfolio risk. C) investment risk. D) nonsystematic risk.
Economics
Which of the characteristics of perfect competition assures that economic profit will be zero in the long run?
a. Each firm is small relative to the market. b. Each firm has access to perfect information. c. Goods produced in the market are homogeneous. d. Each firm is a price taker. e. There is easy entry and exit in the market.
Economics