Which of the following is not a source of inequality in incomes?
A. Redistribution of income
B. Differences in intensity of work
C. Differences in ability
D. Risk taking
Answer: A
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Using the data in the table above, with y measured on the vertical axis, the slope of the line relating y to x is
A) 1/3. B) 1. C) 3. D) 6.
Economists often say that trade is a win-win situation. How do you justify this?
Which account of the balance of payments is most likely to be directly affected by a rise in the real risk-free interest rate in a foreign country?
a. Current international transactions b. Net nonreserve-related international borrowing/lending c. Official reserve-related (central bank) transactions d. None.
Capital stock is the current market value of all of the shares of stock a company has.
Answer the following statement true (T) or false (F)