Which of the following statements is true?
A) Income inequality within most countries has increased during the past 20 years.
B) Income inequality across the entire world has decreased during the past 20 years.
C) Income inequality within most countries and across the entire world has not changed much during the past 20 years.
D) Both A and B are correct.
E) None of the above is correct.
D
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What does the slope of the production possibilities curve represent? Explain
What will be an ideal response?
A factor market is any place or process where
A. Finished services are bought and sold. B. Land, labor, or capital is bought and sold. C. Finished goods are bought and sold. D. None of the choices are correct.
Refer to the information provided in Table 14.5 below to answer the question that follows. Table 14.5B's Strategy ?AdvertiseDon't Advertise??A's profit $200 millionA's profit $400 million?AdvertiseB's profit $200 millionB's profit $100 millionA's Strategy????Don'tA's profit $100 millionA's profit $150 million?AdvertiseB's profit $400 millionB's profit $150 millionRefer to Table 14.5. Firm A?s dominant strategy is
A. to not advertise. B. dependent on what Firm B does. C. to advertise. D. indeterminate from this information, as no information is provided on Firm A?s risk preference.
Refer to the information. If the real interest rate is 10 percent, the equilibrium GDP will be:Answer the following statements true (T) or false (F)
Answer the question below on the basis of the following information for a private closed economy:
A. $100.
B. $200.
C. $300.
D. $400.