There are several reasons why incomes are unequal, including differences in luck, experience, and schooling

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Use the above table. Assuming constant opportunity costs, the opportunity cost of producing donuts in country Alpha is ________, and the opportunity cost of producing donuts in country Beta is ________

A) 1 donut; 0.17 donut B) 1 donut; 6 donuts C) 10 donuts; 12 pizzas D) 0.2 pizza; 1.67 donuts

Economics

National income is calculated by subtracting ____ from GDP

a. depreciation. b. investment and net exports. c. Social Security insurance contributions and transfer payments. d. corporate and personal income taxes.

Economics