Which of the following is true?

a. The best distribution of income can be determined objectively.
b. The transfer of income from one group to another is costly; it will generally reduce total output.
c. Positive economics can determine the variation in incomes that would be best for an economy.
d. The fairness of an income distribution is determined by its pattern (the measured degree of income inequality).
e. All of the above are true.

B

Economics

You might also like to view...

A country that has absolute advantage in producing all goods does not benefit from trade.

a. true b. false

Economics

When a Peruvian buys a U.S. government bond, from the perspective of Peru, this is a(n):

A. capital inflow. B. export. C. capital outflow. D. import.

Economics