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Author Question: ________ is the single biggest factor affecting income distribution in the United States. A) ... (Read 29 times)

mydiamond

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on: Jun 29, 2018
________ is the single biggest factor affecting income distribution in the United States.
 
  A) Location of household
  B) Type of household
  C) Education
  D) Age of household

Question 2

Which of the following statements about the marginal rate of substitution is NOT correct?
 
  A) It measures the number of units of the good on the horizontal axis that a consumer must be compensated with to give up a unit of the good on the vertical axis, while remaining on the same indifference curve.
  B) It is measured by the slope of the indifference curve.
  C) It decreases in value when moving downward along a typical-shaped indifference curve.
  D) It is constant for goods that are perfect substitutes.


yotaSR5

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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