Author Question: The short-run supply curve of a perfectly competitive firm is: a. the average variable cost curve. ... (Read 120 times)

BRWH · **on:** Jun 30, 2018

The short-run supply curve of a perfectly competitive firm is:
a. the average variable cost curve.
b. the average total cost curve.
c. the same as the demand curve.
d. marginal cost above average variable cost.

Question 2

Empirical observations validate that the Gini co-efficient for the U.S. economy was between 0.35 and 0.37 until the 1990s, after which it has increased and reached 0.469 in 2009 . Which of the following can be inferred from this?
a. The distribution of national income in the U.S. has become slightly more equal since the 1990s.
b. The government spending on poverty alleviation has increased since 1990.
c. More jobs have been created in the U.S. since 1990.
d. The distribution of national income in the U.S. has become slightly more unequal since the 1990s.
e. The government has replaced the existing regressive tax structure with a progressive tax structure.