Based on the table showing global income inequalities, where are the most equal countries located?
a. southern Europe
b. northern Europe
c. North America
d. southern Africa
b. northern Europe
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In the figure above, the ________ gap is equal to ________
A) recessionary; $1 trillion B) inflationary; $1 trillion C) recessionary; $12 trillion D) inflationary; $12 trillion E) recessionary; $13 trillion
To be effective, a price ceiling must be below the market equilibrium price
Indicate whether the statement is true or false
A person will choose to buy a good as long as
A) marginal benefit is at least as great as price. B) consumer surplus is positive. C) marginal benefit is positive. D) consumer surplus is at least as great as price.
The mismanagement of financial liberalization in emerging market countries can be understood as a severe
A) principal/agent problem. B) asymmetric information problem. C) lemons problem. D) free-rider problem.