Income equality has
A) decreased in the United States as manufacturing has increased.
B) narrowed within countries but increased across countries.
C) increased within countries but has narrowed across countries.
D) not changed in the advanced economies over the past 50 years.
E) increased in developing economies as manufacturing has decreased.
C
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If the 4 largest cereal companies' total sales are $19 billion and the industry's total sales are $55 billion then according to the Four-Firm Concentration Ratio the industry is
A. an oligopoly. B. a monopoly. C. perfectly competitive. D. monopolistically competitive.
Explain how the money markets of two countries are linked through the foreign exchange market
What will be an ideal response?
The price elasticity of demand between milk and soda is likely to be:
a. negative, because the goods are complements. b. positive, because the goods are complements. c. negative, because the goods are substitutes. d. positive, because the goods are substitutes. e. 0, because the goods are not usually consumed by the same person at one time.
Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary