As the value of the Gini coefficient approaches one
A) income distribution becomes less unequal.
B) the percentage of the population under the poverty line decreases.
C) income distribution becomes more unequal.
D) the percentage of the population under the poverty line increases.
C
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If Treasury deposits at the Fed are predicted to increase, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves
A) defensive; inject B) defensive; drain C) dynamic; inject D) dynamic; drain
The difference between the total revenue and total costs for a bank shows its: a. economic profit
b. accounting profit. c. non-performing assets. d. total assets.
An investment project has an expected profit rate of 12 percent. The going rate of interest is 12 percent. Firm X would need to borrow money to carry out this project; firm Y would use its own funds. Which statement is true?
A. Firm X would undertake the project; Firm Y would not. B. Neither firm would undertake this project. C. Both firms would undertake this project. D. Firm Y would undertake the project; Firm X would not.
A perfectly competitive firm is producing a good at a level where P = $30 and MC = $30. The firm will continue to produce in the short run as long as:
A. AVC is less than $30. B. AFC is less than $30. C. price does not increase. D. ATC is greater than $30.