Refer to Figure 21.2. If area A = 2,000, area B = 400, and area C = 2,600, what is the Gini coefficient for Ruratania (rounded to two decimal places)?
A) 0.08
B) 0.15
C) 0.48
D) 0.92
C
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Adam Smith identified all of the following as factors contributing to a nation's economic growth, except
a. size of the labor force b. degree of labor specialization (or division of labor) c. size of the capital stock d. level of technology e. the level of government spending
Which of the policies of the U.S. Federal Reserve would most closely match the monetary policy most often used by the ECB?
A) open-market operations B) discount policy C) margin requirements D) reserve requirements changes
The statement, "John buys more of good X as his income increases, Ceteris paribus," means:
A. John's income is being held constant. B. John's purchases of good X are being held constant. C. John's income and purchases of this good are being held constant. D. the price of this good is being allowed to change.
Recall the Application about how to wash carbon out of the air to answer the following question(s).Recall the Application. Assume a firm that produces CO2 has a marginal cost of abatement of $90 per ton and faces a carbon tax of $70 per ton. If the cost of carbon washing is $50 per ton, the firm could save ________ per ton and emit ________ carbon into the atmosphere by using a carbon washing machine.
A. $40; less B. $40; more C. $20; less D. $20; more