One World View article is titled "Glaring Inequalities." Of the countries listed, the least inequality in the distribution of income is likely to occur in
A. Japan.
B. Botswana.
C. South Africa.
D. United States.
Answer: A
Economics
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Excess burden calculations typically assume many other distortions.
A. True B. False C. Uncertain
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The cross elasticity between two goods is 2.5 . These goods are:
a. perfect complements. b. imperfect complements. c. unrelated. d. substitutes. e. inferior.
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If a firm hires labor for $8,000, pays rent of $4,000, buys raw materials for $13,000 from another firm, earns profits of $1,200, and sells its output for $31,000, the value added by the firm is _____
a. $4,800 b. $10,000 c. $18,000 d. $25,000 e. $26,200
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If we consider the equation PAE = A + bY the part that corresponds to the MPC when we make simplifying assumptions is:
A. b B. Y C. A D. PAE
Economics