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What are the four main determinants of income differences? What are two ways that income ought to be distributed? Why are externalities typically associated with
- What are the four main determinants of income differences? What are two ways that income ought to be distributed?
- Why are externalities typically associated with common property rather than private property?
- What the private costs of driving an automobile?The external costs?The social costs?
- Explain how the Lorenz curve is used as a measure of Income Distribution. Is this a good tool? Why or why not?
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Basic Economics
Authors: Frank V. Mastrianna
16th edition
1111826641, 978-0357706664, 978-1111826642
