One should ignore the degree of income inequality _____
a. when one considers the design of redistribution programs
b. when one only cares about improving the lot of the worst off in society
c. when considering whether or not to transfer resources from the rich to the poor
d. when considering progressive taxation
b
You might also like to view...
Refer to Figure 10.3. A negative demand shock with no change in the real interest rate is best represented by ________ in panel (a) and ________ in panel (b)
A) a shift from AE3 to AE2; a shift from IS2 to IS1 B) a shift from AE2 to AE3; a shift from IS1 to IS2 C) a shift from AE2 to AE1; a movement from point B to point A D) a shift from AE3 to AE1; a movement from point C to point A
Supply curves that are horizontal are called perfectly elastic and have an infinite elasticity, whereas supply curves that are vertical are called perfectly inelastic and have a zero elasticity
a. True b. False Indicate whether the statement is true or false