Author Question: The world distribution of income has become more equal since 1970 because A) the distribution of ... (Read 73 times)

azncindy619 · **on:** Jun 29, 2018

The world distribution of income has become more equal since 1970 because

A) the distribution of income within most countries has become more equal.
B) foreign aid programs from rich nations have increased in size and especially in effectiveness.
C) average incomes in poor nations, such as China, have risen faster than average incomes in rich nations, such as the United States.
D) None of the above answers are correct.

Question 2

If Bill thinks tacos and turkey sandwiches are perfect substitutes, then his indifference curves for these two goods

A) are L-shaped.
B) are negatively sloped and linear.
C) are positively sloped and linear.
D) have slopes equal to 1.