If the U.S. Gini coefficient increased from 0.4 in 1970 to 0.6 in 1990, what would be most accurate?
a. Income inequality increased in the U.S
b. Per capita income increased in the U.S
c. Both income inequality and per capita income increased
d. Income inequality decreased
e. The growth rate of income increased
a. Income inequality increased in the U.S. (Gini coefficient is a measure of income inequality. The higher it is, the more unequal the income.)
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Why would it be valuable for a business to know the cross elasticity of demand for the two products it produces: peanuts and popcorn?
Please provide the best answer for the statement.
Under the Bretton Woods system:
A. all nations fixed the value of their currencies against the dollar. B. the United States was the only nation with a fixed exchange rate. C. the United States was the only nation with floating exchange rates. D. all nations allowed the value of their currencies to be determined by the free market.
The intensity of competition in a market can be ________ to inspire a business to undertake innovative activities.
A. too low B. too great or too low C. too great D. not low enough or not great enough
Changes in the health of the average person are an important indicator of changes in the standard of living
Indicate whether the statement is true or false