« previous next »

Author Question: What is the difference between market income and money income? Which is more equally distributed? ... (Read 158 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 29, 2018
What is the difference between market income and money income? Which is more equally distributed?
 
  What will be an ideal response?

Question 2

In the figure above, with no government involvement and if the colleges are competitive, what is the deadweight loss?
 
  A) 12 billion per year
  B) 6 billion per year
  C) 4 billion per year
  D) zero


Sammyo

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

Market income is the income the household earns in the market for factors of production, for example, the household's labor income. Money income is market income plus money benefits paid by the government to the household. Money income is distributed more equally than market income.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Sceloporus undulates, the eastern fence lizard, is one of the most widely distributed lizard species Sceloporus undulates, the eastern fence lizard, is one of the most widely distributed lizard species
Sources of income for U.S. population aged 65 and over. Sources of income for U.S. population aged 65 and over.
A typical open-end wrench. Note the size difference on each end and that the head is angled 15 ... A typical open-end wrench. Note the size difference on each end and that the head is angled 15 ...
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Relationship between Income Inequality and Sociopolitical Instability Relationship between Income Inequality and Sociopolitical Instability
Difference of Squares Difference of Squares
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library