How does the income distribution in the United States compare to other developed countries?
A. The income distribution is vastly more unequal in the United States compared to other developed countries.
B. The income distribution must be the same in all developed countries, the United States included, because of increased globalization.
C. The income distribution is vastly more equal in the United States compared to other developed countries.
D. The income distribution tends to be more unequal in the United States compared to other developed countries, but not by a huge amount.
E. The income distribution tends to be more equal in the United States compared to other developed countries, but not by a huge amount.
Answer: D
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When the average buyer of an insurance policy is likely to have higher risk than others in his class, this is known as
A. adverse selection. B. moral hazard. C. asymmetric information. D. an HMO.
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a. Aggregate demand to fall, the average price level to fall, and real GDP to rise. b. Aggregate supply to rise, the average price level to rise, and real GDP to rise. c. Aggregate demand to rise, the average price level to rise, and real GDP to rise. d. Aggregate supply to fall, the average price level to rise, and real GDP to fall. e. Aggregate demand to fall, the average price level to fall, and real GDP to fall.
Which of the following is the term used to describe a failing bank selling off a substantial amount of assets in a short time period in order to remain solvent?
A. Fire sale B. Short sale C. Long sale D. Liquidity sale