The experience of the high-growth Asian economies has brought attention to predictions about income inequality made by Kuznets. He predicted that at first income inequality would ________ as economies began to develop. In the HPAE's experience, it ________
A) rise; rose
B) decrease; decreased
C) rise; fell
D) fall; rose
C
Economics
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Systematic efforts to extend vaccination throughout the world have produced a situation today in which the smallpox virus is
A) in short supply (a shortage exists). B) rare. C) scarce. D) all of the above.
Economics
In which of the following types of markets does a single firm have the most market power?
A. Perfect competition. B. Monopoly. C. Monopolistic competition. D. Oligopoly.
Economics
Which one of the following is the best example of an oligopolistic industry?
A. cigarettes B. wheat growers C. apple growers D. public utilities
Economics
If supply is perfectly inelastic, the price elasticity of supply is equal to:
A. 1. B. 0. C. infinity. D. a negative number between 0 and infinity.
Economics