Is the distribution of income across different countries in the world equitable? In other words, do all countries share the world's wealth equally?
What will be an ideal response?
No, there are large differences in they way wealth is distributed across countries. For example, the U.S., Canada and Western Europe account for 60 percent of the world's annual consumption, while having only 11 percent of the world's population. In contrast, Africa and South Asia have 37 percent of the world's population but represent only about 6 percent of world consumption expenditure.
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If the Herfindahl-Hirschman Index in the market for single-use cameras equals 10,000 , then the single-use camera industry is best characterized as
A) a monopoly. B) monopolistic competition. C) an oligopoly. D) perfect competition. E) either a monopoly or monopolistic competition.
How have some patients been harmed by Medicare reimbursement caps?
A) They have been discharged from the hospital too soon, so that the hospital can cut costs. B) They have been kept in the hospital too long, so that the hospital can get a higher reimbursement amount. C) They have had to undergo unnecessary procedures, so that the hospital can get a higher reimbursement amount. D) They have had to wait too long for essential procedures.
Which of the following statements contains accurate information regarding power sources for manufacturing in the first half of the 19th century?
a. Steam engines were very costly to operate. b. The water turbine was more efficient than the water wheel. c. Coal was adopted more slowly in the U.S. than in England. d. Along the Ohio River, steam was preferable to water power because of variable stream levels. e. All of above.
The term auction facility (TAF) program was instituted by the Federal Reserve to deal with the ________________________. This program gave banks ____________ options when it comes to borrowing from the Fed
A) financial crisis of 2007-2009; more B) Great Depression; more C) financial crisis of 2007-2009; fewer D) Great Depression; fewer