A Gini coefficient is a measure of
a. age dispersion
b. the ratio of income to wealth
c. social security
d. the ratio of government spending to GDP
e. income distribution
E
Economics
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When Patty uses money to buy her lunch, she is showing the use of money as a "store of value."
Indicate whether the statement is true or false
Economics
According to the purchasing power parity theory, a change in relative interest rates between two countries must cause a change in exchange rates.
a. true b. false
Economics
When a good ends up overconsumed and depleted, we can assume it is a:
A. scarce good. B. common resource. C. public good. D. private good.
Economics
In a perfectly competitive industry, the industry demand curve
A) must be horizontal. B) must be vertical. C) is upward sloping. D) is downward sloping.
Economics