It has been found that
a. less-developed countries have more equality of income distribution.
b. more-developed countries have more equality of income distribution.
c. only prior communist countries have more equality of income distribution.
d. income distribution cannot be measured among countries with different political and economic systems.
b
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China's State Council has encouraged more spending to "improve transportation links and other infrastructure...." It will also "step up its spending on vocational training and other educational programs for adults." www.nytimes
com, Keith Bradsher, October 19, 2008 Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of China's PPF. As a result of enacting the policies, China's PPF will A) shift outward. B) shift inward. C) rotate outward. D) become flatter.
Refer to Table 4-7. If a minimum wage of $11.50 an hour is mandated, what is the quantity of labor supplied?
A) 40,000 B) 570,000 C) 610,000 D) 1,180,000