If a Lorenz curve were constructed for the distribution of wealth, the curve would
a. indicate greater inequality for wealth than income.
b. indicate less inequality for wealth than income.
c. be identical to the Lorenz curve for income.
d. be a straight line from the origin.
c. be identical to the Lorenz curve for income.
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The European Union is seen as a less than optimal currency area because
A) of a lack of labor mobility and fiscal integration. B) of a lack of fiscal integration and capital mobility. C) of disagreements over fiscal policy and trade restrictions. D) of the national identity lost with the euro.
Suppose that the U.S. price of gold is $35 per ounce and the German price of gold is 100 Deutsche Marks (DMs) per ounce. What is the implied exchange rate between the dollar and the DM?
A) $0.35 = DM1 B) $3500 = DM1 C) $2.8571 = DM1 D) $0.28571 = DM1
The square root of the quantity 
?is called the _____ for 
.
A. heteroskedasticity-robust t statistic? B. ?heteroskedasticity-robust standard error C. ?heteroskedasticity-robust F statistic D. ?heteroskedasticity-robust Wald statistic
As the reserve ratio goes up, less money will be created because:
A. banks will extend more loans. B. people will hold less cash. C. people will hold more cash. D. banks will extend fewer loans.