--%>
Assignment Help - homework help

Law of Income Distribution by Pareto

The theorist who asserted as, “When you redistributed the world’s income and wealth equally across the whole population, eighty percent of this would be back within the hands of the population’s top 20% in twenty years,” which was: (1) Thomas Malthus. (2) Karl Marx (3) Adam Smith. (4) David Ricardo. (5) Vilfredo Pareto.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Labor Unions-Union membership I have a

    I have a problem in economics on Labor Unions-Union membership. Please help me in the given question. Union membership is most widespread among: (1) Supervisors and managers. (2) White collar workers. (3) Pink collar clerical workers. (4) Young, upwar

    		•
  • Q : When is demand perfectly price inelastic

    Demand is perfectly price inelastic when the quantity demanded for Pixie’s cheesy fried grits is of: (w) zero. (x) P4. (y) P2. (z) More information is required.

    Q : Law of Supply in quantity supplied The

    The law of supply defines that higher prices cause rise in the: (i) Demand for good. (ii) Supply of the good. (iii) Quantity supplied. (iv) Gains of investors. Can someone please help me in finding out the accurate answer from the

    		•
  • Q : Characteristic of pure competition A

    A purely competitive firm: (w) is a price taker. (x) is a price maker. (y) is a large part of the industry. (z) sells a differentiated product. Hello guys I want your advice. Please recommend some views for above <

    		•
  • Q : Prohibition in Economic Profit Economic

    Economic profits are not: (1) a surplus of revenues over opportunity costs. (2) quite similar to pure economic rents from society’s viewpoint. (3) zero in a purely competitive economy along with no uncertainty and zero transaction costs. (4) dif

    		•
  • Q : Illustration of perfectly price elastic

    A demand curve which is perfectly price elastic is demonstrated into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. 914</span></p> </div> <!-- /comment-box --> </li> </td> </tr><tr> <td> <li> <div class=

    Q : Sufficient general theory of oligopoly

    A sufficient general theory of oligopoly would: (w) merely blend elements from competitive and monopolistic models. (x) qualitatively account for interdependence in decision making in broad terms. (y) closely fit all types of oligopoly markets. (z) de

    		•
  • Q : Ratio of perfect equality and Lorenz

    The ratio of the area between the perfect equality reference line and the Lorenz curve is the: (w) Gini index. (x) relative income (y) poverty line (z) marginal productivity standard.

    Q : Demand for Complementary Goods Can

    Can someone help me in finding out the right answer from the given options. Reductions in the price of tea are most probable to raise the demands for: (i) Lemons, ice cubes and sugar. (ii) Cola, coffee and hot cocoa. (iii) Mint juleps, Daiquiris and moonshine. (iv) Va

    		•
  • Q : Problem on Advocacy of maximizing

    Advocacy of maximizing happiness for huge number of people is a hallmark for: (a) Monarchy. (b) Laissez faire capitalism.  (c) Utilitarianism. (d) Communism. (e) Democratic socialism. Find out the right answer from the above options.

    		•