The Pizza Analogy of Income Distribution Would Be Most Closely

question 142

Multiple Choice

The pizza analogy of income distribution would be most closely associated with which one of the following questions?

• A) If resources are used to make pizza, what other goods and services must be given up to do this?
• B) If cutting a pizza in more equal slices shrinks the pizza, how much shrinkage will society tolerate?
• C) If pizza workers were paid more money, would they become more productive workers for society?
• D) If pizza sales increase, would pizza companies redistribute the profits to their employees?

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Definitions:

International Trade

The trading of products, services, and money across the borders or territories of different countries.

Merchandise Exporting

The act of sending goods produced in one country to be sold in another country.

GATT

The General Agreement on Tariffs and Trade, an international trade treaty designed to boost economic recovery after World War II by reducing or eliminating trade barriers such as tariffs and quotas.

International Trade

The exchange of goods and services between countries.