Compared to the distribution of money income, the distribution of income that takes into consideration the effects of taxes and in-kind benefits
a. is less even
b. is the same
c. is more even
d. is fairer
e. is less fair
QUESTION 2As the cost of operating ATM machines falls, the demand for bank tellers will decline.
a. True
b. False
QUESTION 3Families receive income from two primary sources:
a. resource earnings and transfers
b. transfers and subsidies
c. wages and rents
d. transfers and gifts
e. interest and dividends
QUESTION 4Using free public space means that sidewalk vendors earn long-run economic profits.
a. True
b. False
QUESTION 5A fair distribution of income for the U.S. economy is
a. not an economic issue
b. defined by the Department of Agriculture
c. a positive economic question
d. a normative economic question
e. a state and local issue but not a national one
QUESTION 6Of the following resources used to supply sidewalk food in New York City, which is the most expensive?
a. capital
b. land
c. entrepreneurial ability
d. labor
e. food
QUESTION 7The problem with allocating income according to productivity is that some people have difficulty earning income.
a. True
b. False
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