Because there is a trade-off between total output and equality of income distribution,

a. greater equality of distribution will generally result in higher levels of output.
b. greater output is generally associated with more equal distribution.
c. policies designed to increase output will only succeed if distribution is more equal.
d. policies intended to expand output must necessarily fail.
e. policies designed to equalize distribution may adversely affect the size of output.

e

Economics

You might also like to view...

In order to increase the supply of a good, producers must

A) convince consumers to reduce the quantity demanded. B) see an increase in quantity supplied by competitors. C) reduce their per-unit costs of producing the good. D) cut back on labor to reduce production costs.

Economics

A good economic theory

a. has realistic assumptions b. contains as much detail as possible c. cannot be proven false d. predicts well e. can only be presented in mathematical terms

Economics