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.

---

Definitions:

Dynamically Continuous Innovation

Innovation that represents a significant change to an existing product or process but does not entirely disrupt consumer habits and behaviors.

Digital Camera

An electronic device that captures and stores photographs digitally, rather than using film to record images.

Single-Lens Reflex Camera

A type of camera that uses a mirror mechanism to allow the photographer to view through the lens and see exactly what will be captured.

Early Majority

A category in the diffusion of innovation theory describing individuals who adopt new products or ideas after the innovators and early adopters, representing a larger segment of the population.