If human capital was included in the measurement of wealth, the measurement of wealth would be
A) more equal and more accurate.
B) more equal and less accurate.
C) less equal and more accurate.
D) less equal and less accurate.
A
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Harry and Gus fish the same lake together from the same boat
Each morning Harry typically catches either 20 bluegills or 5 walleyes (depending on how deep he fishes) while Gus typically catches either 20 bluegills or 2 walleyes (depending on how deep he fishes). Other things constant, if they wish to maximize the total number of fish they catch together tomorrow morning, regardless of species, A) Harry should fish and Gus should row. B) Harry should fish only for bluegills and Gus should fish only for walleyes. C) Gus should fish only for bluegills and Harry should fish only for walleyes. D) both Harry and Gus should fish for bluegills.
Refer to Table 18-5. The tax system is
A) progressive throughout all levels of income. B) regressive between $20,000 and $25,000 of income and progressive between $32,000 and $42,000. C) regressive throughout all levels of income. D) proportional throughout all levels of income.