Taxes and transfers in the United States
A) shift the Lorenz curve inward.
B) shift the Lorenz curve outward.
C) cancel out so that the Lorenz curve does not shift.
D) shift the Lorenz curve inward at low incomes, outward at high incomes.
A
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Openness and change in the economic models of India and China have meant for the world economy all of the following EXCEPT
A) hundreds of millions of people have escaped poverty. B) many manufactured goods and services have become cheaper. C) forced some firms to downsize, offshore or otherwise change business practices. D) increased the market power of firms in industrialized countries as they gained most from this evolving trade.
Public goods are those for which there:
A. is no free-rider problem. B. are no externalities. C. are nonrivalry and nonexcludability. D. are rivalry and excludability.