The transformation of a Lorenz curve into a numerical value is
a. the value of the diagonal minus the value of the two sides of the right angle triangle
b. the sum of the percentages of income for all groups
c. the Lorenz coefficient
d. the Gini coefficient
e. the value of the midpoint on the Lorenz curve
D
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Of the five game types described in this chapter (prisoner's dilemma, pure coordination, assurance, battle of the sexes, chicken), which have a dominant strategy and which have more than one Nash equilibrium in a two-player game?
What will be an ideal response?
According to official U.S. statistics, the U.S. poverty rate has been approximately ________ percent for the last 40 years.
A. 12 to 20 B. 4 to 13 C. 11 to 15 D. 5 to 18
Recessions begin at ________ and end at ________.
A. the highest unemployment rate; the lowest unemployment rate B. a trough; a peak C. a peak; a trough D. the lowest unemployment rate; the highest unemployment rate
If the multiplier is 6 and exports decrease by $30, what impact will that have on aggregate expenditure? Aggregate expenditure will
a) increase by $30 b) increase by $180 c) decrease by $30 d) decrease by $180