Income inequality can be high in the free market and should be reduced This is an example of What ?

Related Mcqs:

If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is ?

A. a normal good B. none of these answers C. an inferior good D. a substitute good...

A shift in supply will have more effect on price than quantity if ?

A. The price elasticity of supply is – 3 B. The price elasticity of supply is – 0.2 C. The price elasticity of supply is – 2 D. The price elasticity of supply is infinity...

A natural monopoly has a declining _______ over a large range of output?

A. long run marginal cost B. short run marginal cost C. long run average cost D. long run marginal cost...

A shift in supply will have a bigger effect on price than output if demand is ?

A. income elastic B. income inelastic C. Price elastic D. Price inelastic...

The government is considering placing a tax on cigarettes to raise revenue to finance health-care benefits. The demand for cigarettes is price inelastic Which of the following statements is True ?

A. This tax will not raise much revenue either in the short term or the long term since demand is price inelastic B. The tax on cigarettes may not raise as much revenue as anticipated in the years to com because the demand for cigarettes is likely to become more elastic over time. C. This … The government is considering placing a tax on cigarettes to raise revenue to finance health-care benefits. The demand for cigarettes is price inelastic Which...