A Gini coefficient of ________ means that the income is equally distributed.
A. 0
B. 1
C. 50
D. 100
Answer: A
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Protecting air quality by establishing identical low limits on noxious discharges for all firms is a questionable policy because
A) a little pollution from many sources adds up to excessive pollution. B) by allowing firms to pollute at all it sacrifices the community's interest to private profit. C) it does not allow high-cost air polluters to exceed the air pollution limits. D) it tolerates preventable air pollution. E) no one knows the possible side effects of the discharges.
Which of the following best describes the impact of technological change on labor? a. Technology causes unemployment in the short run and lower incomes in the long run
b. Technology causes unemployment in the short run and higher incomes in the long run. c. Technology causes unemployment in the long run and higher incomes in the short run. d. Technology causes unemployment in the long run and lower incomes in the short run. e. Technology causes unemployment and lower incomes in both the long run and the short run.
Assume that the U.S. can produce either 10 million cell phones or 20 million picture frames and that Canada can produce either 2 million cell phones or 6 million picture frames. Based on this information, which of the following is true? a. Both countries could benefit if the U.S. traded cell phones to Canada for picture frames. b. Both countries could benefit if the U.S. traded picture frames
to Canada for cell phones. c. Canada could gain from trade but the U.S. could not. d. The U.S. could gain from trade but Canada could not.
If you expect interest rates to rise, you will want to be holding:
A. more money because bond prices will likely rise. B. less money because bond prices will likely fall. C. more money because bond prices will likely fall. D. less money because bond prices will likely rise.