For the calculation of a Lorenz curve using quintiles, the:
a. first quintile contains the richest 50 percent of population.
b. first quintile contains the richest 20 percent of population.
c. first quintile contains the poorest 50 percent of population.
d. first quintile contains the poorest 20 percent of population.
e. last quintile contains the poorest 10 percent of population.
d
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Reserve requirements apply to
A) life insurance companies. B) investment banks. C) credit unions. D) stock brokers.
What is the present value of $100 5 years from now if the interest rate is 12%?
Fill in the blank(s) with the appropriate word(s).
If the demand curve is a vertical line, it means that:
A. regardless of price, the quantity demanded is a constant amount. B. regardless of quantity, the price is a constant amount. C. the good is inferior. D. the good has many substitutes.
A representative unit by which utility is measured is
A) a util. B) utility. C) marginal utility. D) ordinal utility.