The United States is the most inequitable country in the developed world
Indicate whether the statement is true or false
False. Efficiency means how many goods to produce, and equity means how the goods are allocated. They do not move in opposite directions. Even if one might say that the United States is the most efficient country in the developed world, it does not mean that the U.S. is also the most inequitable country.
Economics
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List two reasons why a firm might experience diseconomies of scale
What will be an ideal response?
Economics
Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower
Economics