Economics Test Bank: Chapter 18- Chapter 21. Ch-18 Income Distribution and Poverty/ Ch-19 Public Finance: The Economics of Taxation/ Ch-20 International Trade, Comparative Advantage, and Protectionism/ Ch-21 Economic Growth in Developing and Transitional Economies. All 100% Answered | Documents and Forms | Research Papers

Economics Test Bank: Chapter 18- Chapter 21. Ch-18 Income Distribution and Poverty/ Ch-19 Public Finance: The Economics of Taxation/ Ch-20 International Trade, Comparative Advantage, and Protectionism...

Economics Test Bank: Chapter 18- Chapter 21. Ch-18 Income Distribution and Poverty/ Ch-19 Public Finance: The Economics of Taxation/ Ch-20 International Trade, Comparative Advantage, and Protectionism... PLDZ-67
In Stock
$ 15.00 USD
Buy and Download   > Description

CLICK ON THE PRODUCT INFORMATION URL FOR MORE

Economics Test Bank: Chapter 18- Chapter 21. Ch-18 Income Distribution and Poverty/ Ch-19 Public Finance: The Economics of Taxation/ Ch-20 International Trade, Comparative Advantage, and Protectionism/ Ch-21 Economic Growth in Developing and Transitional Economies. All 100% Answered

 

An equitable distribution of income mean s that A) income is equally distributed. B) income is fairly distributed. C) income is efficiently distributed. D) there is a long-run equilibrium distribution. Topic: The Utility Possibilities Frontier Skill: Definition 2. 2) The utility possibilities frontier graphically represents a two-person world that shows all points at which A's utility can be A) increased only if B's utility is increased. B) decreased only if B's utility is decreased. C) increased only if B's utility is decreased. D) held constant as B's utility is either increased or decreased. Topic: The Utility Possibilities Frontier Skill: Definition 3. 3) Any point on the utility possibilities frontier is 1. A) inefficient because both people could be made better off simultaneously. 2. B) inefficient because it is only possible to make one person better off by making the other person worse off. 3. C) efficient because it is only possible to make one person better off by making the other person worse off. 4. D) efficient because both people could be made better off simultaneously. Diff: 1 Topic: The Utility Possibilities Frontier Skill: Fact 4. 4) Any point inside the utility possibilities frontier is 1. A) inefficient because both people could be made better off simultaneously. 2. B) inefficient because it is only possible to make one person better off by making the other person worse off. 3. C) efficient because it is only possible to make one person better off by making the other person worse off. 4. D) efficient because both people could be made better off simultaneously. Diff: 1 Topic: The Utility Possibilities Frontier Skill: Fact 535 Refer to the information provided in Figure 18.1 below to answer the questions that follow. Figure 18.1 5. 5) Refer to Figure 18.1. At point A the distribution of goods is A) equitable. B) efficient. C) equal. D) just. Diff: 3 Topic: The Utility Possibilities Frontier Skill: Conceptual 6. 6) Refer to Figure 18.1. Point B is 1. A) inefficient because both people could be made better off simultaneously. 2. B) inefficient because it is only possible to make one person better off by making someone else worse off. 3. C) efficient because both people could be made better off simultaneously. 4. D) efficient because to make one person better off the other person must be made worse off. Diff: 3 Topic: The Utility Possibilities Frontier Skill: Conceptual 7. 7) Refer to Figure 18.1. In order to reach point A or any other point on the utility possibilities frontier, ________ . A) all the assumptions of perfectly competitive market theory must hold B) the government must redistribute income between Molly and Pam C) the initial endowments of wealth, skills, etc. between Molly and Pam must be equitable D) the distributions of income and wealth must be equitable Diff: 3 Topic: The Utility Possibilities Frontier Skill: Conceptual 536 8. 8) All points along the utility possibilities frontier are A) inefficient but equally desirable. B) inefficient but may not be equally desirable. C) efficient and equally desirable. D) efficient but may not be equally desirable. Diff: 1 Topic: The Utility Possibilities Frontier Skill: Fact 9. 9) If it is possible to make person A better off without making person B worse off, then the distribution of goods must be A) efficient. B) inefficient. C) equitable. D) inequitable. Diff: 3 Topic: The Utility Possibilities Frontier Skill: Conceptual 10. 10) If it is possible to make person A better off only by making person B worse o

CLICK ON THE PRODUCT INFORMATION URL FOR MORE Economics Test Bank: Chapter 18- Chapter 21. Ch-18 Income Distribution and Poverty/ Ch-19 Public Finance: The Economics of Taxation/ Ch-20 International Trade, Comparative Advantage, and Protectionism/ C
Recent Reviews Write a Review
0 0 0 0 reviews