« previous next »

Author Question: The United States is the most inequitable country in the developed world. Indicate whether the ... (Read 45 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?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Teenage Pregnancy Rates in Developed Countries Teenage Pregnancy Rates in Developed Countries
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Cartoon of Uncle Sam teaching states in Puck Cartoon of Uncle Sam teaching states in Puck
United States, southwestern and southern states are suffer from a significant decrease in rainfall United States, southwestern and southern states are suffer from a significant decrease in rainfall
GDP per Capita in the United States, 1870–2009 (Ratio Scale) GDP per Capita in the United States, 1870–2009 (Ratio Scale)
Psychological Dimensions of the Visual World Psychological Dimensions of the Visual World
Video: What is an ecosystem?

For a complete list of videos, visit our video library