The world distribution of income has become more equal since 1970 because
A) the distribution of income within most countries has become more equal.
B) foreign aid programs from rich nations have increased in size and especially in effectiveness.
C) average incomes in poor nations, such as China, have risen faster than average incomes in rich nations, such as the United States.
D) None of the above answers are correct.
C
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From 1970 to 2010, the poverty rate in East Asia rose slightly but the level of poverty in sub-Saharan Africa fell dramatically
Indicate whether the statement is true or false
In the specific factors model, which of the following will increase the quantity of labor used in cloth production?
A) an increase in the price of cloth relative to that of food B) an increase in the price of food relative to that of cloth C) a decrease in the price of labor D) an equal percentage decrease in the price of food and cloth E) an equal percentage increase in the price of food and cloth
Ways to "game" the budgeting process include
a. delaying sales if just short of a target b. delaying expenses if just short of a target c. accelerating sales once a target is met d. delaying expenses costs once a target is met
Motorcycle helmet laws have been controversial in some states. Riders prefer the feel of the wind on their faces. Others, however, point out that riders without helmets are more likely to suffer severe injury and run up hospital bills at public expense. Which of the following would most likely reduce the incidence of high bills for helmetless riders?
a. raise insurance rates for helmetless riders b. lower insurance rates for helmetless riders c. publish information on injury rates for helmetless riders d. subsidize hospitals