« previous next »

Author Question: The United States is the most inequitable country in the developed world. Indicate whether the ... (Read 87 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
on: Jul 1, 2018
The United States is the most inequitable country in the developed world.
 
  Indicate whether the statement is true or false

Question 2

Learning by doing will result in
 
  A) an upward sloping long-run average cost curve.
  B) a larger long-run marginal cost than long-run average cost.
  C) a rotation in the isocost curves.
  D) lower long-run costs than short-run costs.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. Efficiency means how many goods to produce, and equity means how the goods are allocated. They do not move in opposite directions. Even if one might say that the United States is the most efficient country in the developed world, it does not mean that the U.S. is also the most inequitable country.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

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?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Chloroplasts Feed the World Chloroplasts Feed the World
Living arrangements of older adults in the United States vary widely depending on gender and ... Living arrangements of older adults in the United States vary widely depending on gender and ...
Andrea Bowers, United States v. Tim DeChristopher. Andrea Bowers, United States v. Tim DeChristopher.
Steady State in the Two-Country Model Steady State in the Two-Country Model
World War 2 timeline World War 2 timeline
Broadleaf Forests on the world map Broadleaf Forests on the world map
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library