Based on the table showing global income inequalities, in which of the following countries would the gap between rich and poor be greatest?
a. Venezuela
b. Russia
c. Japan
d. Sweden
a. Venezuela
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Because consumers value product variety
A) society must be more efficient with monopolistic competition than with perfect competition. B) the inefficiency and deadweight loss created by monopolistic competition is offset. C) in the long run, monopolistically competitive firms earn an economic profit. D) monopolistically competitive industries are efficient.
A risky borrower can pay a lower interest rate if:
a. she invests the amount in a profitable business. b. she can assure the lender of a low inflation rate. c. she makes a promise to repay within a short interval. d. she can arrange for a collateral.
Over the last decade, the ____ quality of our labor force has been a factor in ____ our rate of economic growth.
A. increasing; decreasing B. increasing; increasing C. decreasing; increasing D. decreasing; decreasing
When individual supply curves shift, ceteris paribus, the market supply curve shifts.
Answer the following statement true (T) or false (F)