A Gini coefficient of zero means that the ?

Related Mcqs:

If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?

A. transitory income is a good measure of the distribution of living standards B. none of these answers C. permanent income is a good measure of the distribution of living standards. D. life-cycle income is a good measure of the distribution of living standards. E. current annual income is a good measure of the distribution … If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?Read More...

The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?

A. MPL + PX B. (MPL) (PX) C. PX/MPL D. MPL/PX...

Rank utilitarianism liberalism, and libertarianism in sequence from the political philosophy that would redistribute income the greatest to the one that would redistribute income the least?

A. utilitarianism, liberalism, libertarianism B. All three political philosophies argue for similar degree of income redistribution C. liberalism, libertarianism, utilitarianism D. libertarianism liberalism, utilarianism E. libertariansim, utilitarianism, libertarianism...

Rawls’s suggestion that policy should be directed at maximizing the welfare of the least well off person in society is derived from ?

A. the idea that people should consider policy as if behind a veil of ignorance as to what their circumstances might be in society, and the idea that as long as there is no theft then there is no need for governments to intervene and redistribute income. B. the idea that people should consider policy … Rawls’s suggestion that policy should be directed at maximizing the welfare of the least well off person in society is derived from ?Read More...

VAT is a good example of which kind of tax ?

A. specific B. Direct C. Ad valorem D. Excise duty...