Economists View the Relationship Between the Degree of Equality of Income

question 53

Multiple Choice

Economists view the relationship between the degree of equality of income and wealth and economic efficiency as a

• A) technicality.
• B) tradeoff.
• C) tempest in a teapot.
• D) truism.
• E) travesty of justice.

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Definitions:

Goose Decoys

Artificial birds used by hunters to attract real geese into shooting range or by birdwatchers for observation.

Null Hypothesis

A theory that there is no statistical significance between specified populations, any observed difference being due to sampling or experimental error.

Golf Balls

Small, hard balls used in the game of golf, designed with dimples to reduce air resistance and increase distance when hit.

PGA

Professional Golfers' Association, an organization for professional golf players, or a reference to the tour operated by this organization.