The more bowed the Lorenz curve, the
A. less accurate the Gini coefficient.
B. less reliable the Gini coefficient as a measure of income distribution.
C. lower the Gini coefficient.
D. higher the Gini coefficient.
Answer: D
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The most established theory of stock prices relates a company's asset prices to:
A) future earning prospects of companies and future values of inflation rates. B) the future value of inflation and interest rates. C) past earnings of companies and past values of interest rates. D) future earning prospects of companies and future values of interest rates.
A tax is considered to be independent of: a. investment
b. consumption. c. government spending. d. real GDP. e. the price level.
Which of the following favors government policies to stimulate the economy by creating incentives for individuals and businesses to increase their productive efforts?
a. supply-side economics. b. Keynesian economics. c. monetarist economics. d. Marxian economics.
Explain how the Social Security program affects economic output.
What will be an ideal response?