If discrimination based on gender and race was eliminated, we would expect the:
A. personal distribution of income to become less equal.
B. personal distribution of income to become more equal.
C. personal distribution of income to be unaffected.
D. functional distribution of income to change in favor of profits and interest.
Answer: B
Economics
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Is it possible for an equilibrium that is consistent with purely competitive conditions to arise in an industry with positive scale economies? If so, explain how this could happen. If not, why not?
What will be an ideal response?
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Social Security benefits, welfare payments, and farm support payments are examples of:
A. public interest payments. B. transfer payments. C. consumption spending. D. investment spending.
Economics