In which countries are incomes distributed most unequally and least unequally?
What will be an ideal response?
Brazil and South Africa have the most unequally distributed incomes. Finland and Sweden and some other European nations have the most equally distributed incomes.
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Employing the TIT for TAT strategy in a repeated prisoners' dilemma game means _____
a. that you will lose b. defecting when the other person cooperates c. attacking when the other person defects d. cooperating as long as the other person cooperates
The purchasing power parity theory predicts that the exchange rate between two currencies will adjust in the long run to reflect price-level differences between the two currency regions. A given basket of internationally traded goods should therefore sell for similar amounts around the world (net of transportation costs)
Indicate whether the statement is true or false
Wide acceptance of money without intrinsic value comes largely from the fact that it:
A. is convenient to use. B. can be used domestically and internationally. C. has a stable value. D. is hard to counterfeit.
The four-firm concentration ratio for the cigarette market is 93%. This means that:
A. the four largest firms in the market produce 93% of the total market output. B. the market is an oligopoly. C. there is a high degree of concentration in the cigarette market. D. All of these