As the ________ becomes larger, the distance between the line of absolute equality and the ________ becomes greater.
A. Gini coefficient; Lorenz curve
B. Gini coefficient; production possibilities curve
C. Income distribution size; Lorenz curve
D. Lorenz curve; Gini curve
Answer: A
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In the figure above, the price of bonds would fall from P2 to P1 if
A) there is a business cycle recession. B) there is a business cycle expansion. C) inflation is expected to increase in the future. D) inflation is expected to decrease in the future.
Takeover bids (and the potential for such bids)
a. increase the incentive of corporate managers to perform efficiently. b. increase the likelihood that managers will be able to gain at the expense of stockholders. c. are more likely to occur when a company is producing efficiently and operating profitably. d. serve no useful economic purpose.
People will buy more if the price level
a. rises because rising prices increase the real value of a dollar. b. rises because rising prices decrease the real value of a dollar. c. falls because falling prices increase the real value of a dollar. d. falls because falling prices decrease the real value of a dollar.
Which of the following is not a source of productivity gain?
A. An increase in population. B. An increase in the ratio of capital to labor. C. Development of better capital equipment and products. D. Better use of resources in the production process.