Deciding What the Distribution of Income Should Be Is an Example

question 24

True/False

Deciding what the distribution of income should be is an example of normative economics.

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Definitions:

Chicken Broth

A flavorful liquid made by simmering bones, meat (usually chicken), vegetables, and herbs in water.

Outgroup Homogeneity

The tendency to view members of an outgroup as more similar to each other than members of an ingroup.

Outgroup Bias

A psychological tendency to favor those who are not members of one's own group, often leading to prejudice and discrimination.

Other-race Effect

The tendency to more easily recognize faces of the race that one is most familiar with, which is often one's own race.