If we consider one Gini coefficient for the entire population of the world, this coefficient has probably ________ in the last two decades.
A. increased
B. fallen to zero
C. remained unchanged
D. decreased
Answer: D
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In the 1960s, banks started issuing negotiable CDs in order to
A) offer higher interest rates than they were allowed to on deposits. B) lower information costs. C) appeal more to the small borrower. D) lend in the direct finance market.
If oranges and grapefruit are close substitutes, an increase in the price of oranges will shift the demand curve of
a. both products to the right. b. both products to the left. c. grapefruit to the right. d. oranges to the left.
Refer to the graph shown depicting a monopolistically competitive firm. The marginal cost curve is represented by curve:
A. A. B. B. C. C. D. D.
The current price floor in the agricultural lettuce market makes it such that the price of lettuce is 25% higher than the equilibrium price and that 100 heads of lettuce are demanded. Assuming that the elasticity of demand for lettuce is -0.50, how much would revenue (P ? Q) change for the lettuce company if the government removed the current price floor?
A) Revenue will increase by $15.60. B) Revenue will decrease by $15.60. C) Revenue will increase by $40.60. D) Revenue will increase by $ 9.40.