GDP is used as the basic measure of a society's economic well-being. A better measure of the economic well-being of individuals in society is
a. saving per person.
b. GDP per person.
c. government expenditures per person.
d. investment per business firm.
b
Economics
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Which of the following is likely to result from the regulation of taxicabs in Mexico City?
a. The price of taxi rides will decrease. b. The price of taxi rides will increase. c. The income of taxi owners will increase. d. Taxi owners will have greater monopoly power. e. The supply of taxis will decrease.
Economics
Unequal incomes can arise from: a. discrimination
b. worker preferences. c. differences in educational backgrounds. d. all of the above.
Economics