Which of the following countries has the most unequal distribution of income?
a. The United States.
b. Czech Republic.
c. Brazil.
d. cannot be determined.
c
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Which of the following is not a determinant of demand?
a. production costs b. consumer expectations c. prices of related goods d. tastes and preferences of consumers
Goldin (2001) gives the U.S. investment in public education credit for boosting the U.S. labor force participation rates and helping the U.S. economy develop
Indicate whether the statement is true or false
GDP measured using current prices is called:
A. constant GDP. B. real GDP. C. deflated GDP. D. nominal GDP.
Exchange rates in what is termed the “medium run”
A. will be altered by an economic upswing because consumers buy more goods including imports when disposable income goes up. B. will be unaffected by economic changes in personal income or consumption spending. C. will appreciate for a country having an economic boom when others are not. D. All of the above are correct.