Category: Income Inequality

A. will be perfectly inelastic in the long run. but upward sloping in the short run
B. is perfectly inelastic since there is a fixed amount of land
C. is perfectly elastic since there is fixed amount of land
D. will be upward sloping because as land becomes more valuable in once use, the amount of land made available for that use will increase

A. increase a worker’s current income and permanent income
B. reduce a worker’s current income but not necessarily their permanent income
C. affect neither the current nor the permanent income of a worker
D. reduce a worker’s permanent income but not their current income

A. benefits received tax
B. progressive tax
C. regressive tax
D. proportional tax

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

A. encourage people to quit their jobs
B. reduce the cost of job search
C. enable people to quit searching for work
D. reduce the benefits of additional job searching

A. total variable cost curve
B. marginal cost curve
C. total product of labour curve
D. marginal product of labour curve

A. a situation in which those receiving state benefits may be almost no better off if they choose to work more to earn more income for themselves and their families because doing so will mean they have to pay back the benefits they have previously received
B. a situation in which workers are unable to find jobs.
C. a situation in which those receiving state benefits may be almost no better off if they choose to work more to earn more because doing so will reduce the amount of benefit income to which they are entitled and increase the amount to tax
D. a situation in which those receiving state benefits are discriminated against by employers and so find it more difficult to find jobs.

A. all the income is received by the top 20% of the income distribution
B. income is distributed equally
C. the income is split equally between the top 20% and the rest of the distribution.
D. one family has all the income and every one else has nothing.

A. those with equal ability to pay should bear unequal tax burdends.
B. those who benefits the most from government services should bear the higher tax burden.
C. those who benefit the most from government services should have the greatest voice in determining what gets produced
D. those with equal ability to pay should bear equal tax burdens.

A. poor people are excluded from most leisure and social activities
B. the Pakistan benefit system makes being poor vary degrading
C. if poor people earn more their benefits fall, making them no better off.
D. in the Pakistan poor people are heavily taxed