If one person has all the income and everyone else has none, the Gini ratio is zero
Indicate whether the statement is true or false
FALSE
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In the table above, how many jackets must Mark forgo for every dress he makes?
A) 2/3 of a jacket B) 1 jacket C) 24 dresses D) 16 jackets E) 1 1/2 jackets
The right to own or control a resource is called a ________
Fill in the blank(s) with correct word
An economic populist movement
A) is likely to create long-term economic stability. B) favors promotion of export-based industries and fiscal austerity. C) is less likely to use expansionary policy due to inflation risks. D) uses economic tools to obtain support from labor and domestically oriented businesses.
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June and July is that 10,000 of the unemployed give up looking for work. Which of the following is true?
A. In June the unemployment rate was 6% and in July the unemployment rate was 3.8%. B. In June the unemployment rate was 3.8% and in July the unemployment rate was 6%. C. The unemployment rate in both June and July was 5%. D. In June the unemployment rate was 5% and in July the unemployment rate was 3.39%.