Which of the following is not a question that economists try to answer when measuring the distribution of income?
a. How many people live in poverty?
b. How often do people receive a raise at work?
c. How often do people move among income classes?
d. What problems arise in measuring the amount of inequality?
b
Economics
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Accounting profits are calculated as:
A. total revenue minus explicit costs. B. total revenue minus all opportunity costs, explicit and implicit. C. total revenue minus implicit costs. D. None of these is true.
Economics
The total amount of satisfaction yielded by the consumption of a good or service is called
A. total utility. B. maximized behavior. C. total demand. D. market equilibrium.
Economics