The distribution of world income is
a. equalizing rapidly.
b. very unequal.
c. very equal for countries in the Northern Hemisphere.
d. very equal for countries in Europe.
b. very unequal.
Economics
You might also like to view...
Assuming a horizontal long-run market supply curve, which of the following statements is (are) TRUE about competitive firms in the long run?
A) p = MC B) p = AC C) profit = 0 D) All of the above.
Economics
Which of the following is a similarity between a tax and a subsidy in a competitive market without any externalities? a. Both result in deadweight loss
b. Both result in a decrease in demand. c. Both result in an increase in price. d. Both result in an increase in government revenue.
Economics