If in Equitania,20% of the Population Receive 80% of the Income

question 197

Multiple Choice

If in Equitania,20% of the population receive 80% of the income and the remaining 80% of the population receive 20% of the income,Equitania's economy:

• A)is efficient.
• B)cannot be efficient since efficiency requires a more nearly equal distribution of income.
• C)may be efficient.
• D)is neither efficient nor equitable.

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Definitions:

Journal Article

A scholarly work published in an academic journal, contributing to a particular field of study.

External Validity

Refers to the extent to which the results of a study can be generalized to other settings, people, times, and measures.

Manipulation Check

A process in experiments to ensure that the manipulation of variables has the intended effect on participants.

Factorial Study

A research design used to assess the influence and interaction effects of two or more independent variables on one or more dependent variables.