The distribution of world income is ________ the distribution of U.S. income
A) more equal than
B) less equal than
C) the same as
D) not comparable to
B
Economics
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Refer to Figure 5-1. If, because of an externality, the economically efficient output is Q2 and not the current equilibrium output of Q1, what does S2 represent?
A) the market supply curve reflecting marginal social cost B) the market supply curve reflecting implicit cost C) the market supply curve reflecting marginal private cost D) the market supply curve reflecting external cost
Economics
Refer to the table. A decrease in government purchases of $5 would:
A. increase real GDP by $5.
B. increase real GDP by $10.
C. decrease real GDP by $5.
D. decrease real GDP by $15.
Economics