What linkage do advocates of income inequality make between income distribution and economic growth?
a. Income equality creates greater investment, which leads to lower rates of economic growth
b. Income inequality creates less saving and more consumption, which stimulate higher rates of economic growth.
c. Income inequality creates greater investment, which leads to higher rates of economic growth.
d. Income equality creates more saving and less consumption, which leads to lower rates of economic growth.
e. Income equality creates more investment and less consumption, which leads to higher rates of economic growth.
C
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A bakery can produce either cakes or cookies. If the price of cookies rises, then
A) the supply curve of cake shifts leftward. B) the supply curve of cake shifts rightward. C) there is a movement downward along the supply curve of cakes. D) there is a movement upward along the supply curve of cakes.
The likelihood of collusion between fims is less when markets are highly concentrated
a. True b. False