According to economist A. P. Lerner, taking income from a wealthy individual and giving it to a poorer individual would
a. decrease the economy's total utility
b. decrease the economy's investment rate
c. eventually increase poverty in the economy
d. lessen the incentive to work
e. increase the economy's total utility
E
Economics
You might also like to view...
Increased immigration is likely to lead to the labor demand curve shifting to the right
Indicate whether the statement is true or false
Economics
Usury laws interfere with the automatic workings of the market mechanism
a. True b. False Indicate whether the statement is true or false
Economics