Which of the following stands true for income inequality?
a. The benefits of increased economic growth are widely shared in the First World countries.
b. As a result of globalization, income inequality in China has decreased.
c. The decrease in income inequality in China is an effect of socialist policies in that country.
d. The gap between rich countries and globalized developing countries has shrunk.
e. Internal migration has played a big role in reducing the income inequality in China.
d
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For the perfectly competitive broccoli producers in California, the market demand curve for broccoli is
A) a horizontal line. B) downward sloping. C) nonexistent. D) upward sloping. E) the same as the demand curve each firm faces.
International data supports the quantity theory of money conclusion that high money growth rates are associated with inflation
Indicate whether the statement is true or false