Refer to Figure 18-6. If area X = 2,060, area Y = 240, and area Z= 2,700, calculate the Gini coefficient for Syldavia
A) 0.05 B) 0.12 C) 0.46 D) 0.85
C
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Which of the following does NOT describe a function of money?
A) unit of account B) barter C) medium of exchange D) store of value
The prices of goods at a grocery store are listed in dollars. Which function of money does this illustrate?
Eleanor and her father have identical driving records for the last ten years and neither one has had an accident or insurance claim. Despite that record She pays more for car insurance than he does. What might be the reason for this?
A. Statistical discrimination B. Adverse selection C. The law of large numbers D. The moral hazard problem
To correct a nominal quantity for changes in the price level, one should:
A. add a price index to it. B. divide it by a price index. C. subtract a price index from it. D. multiply it by a price index.