The above figure shows the Lorenz curve for wealth for the nation of Rusha. What percent of wealth is owned by the wealthiest quintile?
A) 0 percent
B) 5 percent
C) 40 percent
D) 60 percent
C
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In the foreign exchange market, what factor leads to a movement along the demand curve for dollars?
What will be an ideal response?
A consequence of a publicly owned natural monopoly is:
A. the loss of the profit motive. B. an increase in the motivation to improve efficiency. C. increased public pressure to reduce costs. D. reduced chance to remain open longer than political terms of office.
At the utility maximizing level, the ratio of the marginal utility of pizzas to that of sandwiches is 3:4 . If the price of a pizza is $3, then the price of a sandwich is _____
a. $6 b. $4 c. $9 d. $8
In general, stocks are ________ risky than bonds, and have a ________ rate of return.
A. less; lower B. less; higher C. more; higher D. more; lower