Compared to the Gini coefficient for income distribution, the value of the Gini coefficient for the distribution of wealth would be
a. higher.
b. lower.
c. zero.
d. nearly identical.
a. higher.
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In which set of market models are there the most significant barriers to entry?
A. monopolistic competition and pure competition B. monopolistic competition and pure monopoly C. oligopoly and pure monopoly D. oligopoly and monopolistic competition
Suppose two companies, Macrosoft and Apricot, are considering whether to develop a new product, a touch-screen t-shirt. The payoffs to each of developing a touch-screen t-shirt depend upon the actions of the other, as shown in the payoff matrix below (the payoffs are given in millions of dollars). 
Which of the following statements is correct?
A. Apricot's dominant strategy is to develop a touch-screen t-shirt. B. Apricot's dominant strategy is to not develop a touch screen t-shift. C. Apricot does not have a dominant strategy. D. Apricot's dominant strategy is to develop a touch-screen t-shirt if Macrosoft does not.
If the MPC increase, the equilibrium levels of income and consumption will change in which of the following ways?
A) No change/No change B) No change/Increase C) Increase/No change D) Increase/Increase E) Decrease/Decrease
Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
Refer to Table 22.6. If 2014 is the base year, the price index in 2015 is
A. 76.8. B. 81.9. C. 119.1. D. 123.2.