Child poverty is
A. much more of a problem in France, Germany, and Japan than it is in the U.S.
B. less of a problem in the United States than in Canada, Britain, or Italy.
C. more of a problem in Sweden, Denmark, and Ireland than it is in the U.S.
D. much more of a problem in the U.S. than in virtually all other industrialized countries.
D. much more of a problem in the U.S. than in virtually all other industrialized countries.
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If the Gini coefficient is 1, this means that __________.
a. the income distribution is completely equal b. the income distribution is completely unequal c. that there is no income distribution
A major difficulty with the infant industry argument for protection is that
A) government revenue will fall with a tariff. B) it requires the nation to fall into the large country case for tariff protection. C) effective rates of protection are usually greater than nominal rates. D) the measurement of production externalities is hard and uncertain. E) the productivity of infant industries is usually declining.
Which of the following industries is least likely to exhibit the characteristic of free entry?
a. bookstores b. hairstyling salons c. yoga studios d. satellite radio
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.