Redistributing income from the rich to the poor creates inefficiency because
A) of wasteful expenditures by people receiving welfare grants.
B) of the administrative costs to operate the government redistribution agencies.
C) the redistribution creates an incentive to produce less output.
D) Both answers B and C are correct.
E) Both answers A and C are correct.
D
Economics
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A country that experiences higher real interest rates than other countries would expect its currency to depreciate
Indicate whether the statement is true or false
Economics
Macroeconomics stresses
a. resource allocation and income distribution. b. inflation and unemployment. c. resource allocation and inflation. d. unemployment and income distribution.
Economics