Average & Total Cost, Application of Economics & Income Inequality Mcqs


Q.  Because in-kind transfers are not accounted for in standard measures of income distribution the standard measures of income distribution ?

a. accurately represent the true inequality of living standards
b. understate the inequality of living standards
c. exaggerate the inequality of living standards
d. could exaggerate of understate the inequality of living standards depending on whether the transfers are goods or services.


ANSWER: See Answer
 
No explanation is available for this question!
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