Refer to the Article Summary. The article discusses income inequality, and for some people this means a more equitable distribution of income is needed in the economy. What is meant by a more equitable distribution of income?
A) Income distributed based on skill levels
B) a more productively efficient distribution of income
C) a more allocatively efficient distribution of income
D) a more fair distribution of income
D
Economics
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Explain what is meant when it is said that the demand for labor is a derived demand
Economics
If the percentage change in quantity demanded for a good is larger than the percentage change in its price, then the price elasticity of demand of the good is said to be: a. elastic
b. inelastic. c. perfectly inelastic. d. unit elastic.
Economics