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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 9
Circle the letter that corresponds to the best answer. Which statement is true?
A) If we redistributed income every year so that everyone would get the same amount, this would hurt the efficiency of our economy.
B) Virtually everyone agrees that we should redistribute most of the income received by the rich to the poor.
C) The poor get a great deal more satisfaction from each additional dollar of income than the rich.
D) There is no relationship between the distribution of income and economic incentives.
A) If we redistributed income every year so that everyone would get the same amount, this would hurt the efficiency of our economy.
B) Virtually everyone agrees that we should redistribute most of the income received by the rich to the poor.
C) The poor get a great deal more satisfaction from each additional dollar of income than the rich.
D) There is no relationship between the distribution of income and economic incentives.
Explanation
Verified
Verified
Poor can be defined as the lack of suffi...
Macroeconomics 11th Edition by Stephen Slavin
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