In the Heckscher-Ohlin model, countries are assumed to differ only in terms of their
A) factor endowments.
B) tastes and preferences.
C) available technologies.
D) factor productivities.
E) physical size.
A
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The Gini coefficient is measured by
A) summing up the total income earned by the population and dividing by the size of the population. B) summing up the cumulative income percentages on the Lorenz curve. C) using the formula: area between the line of perfect equality and the Lorenz curve ÷ the area under the line of perfect equality. D) using the formula: area between perfect inequality and Lorenz curve ÷ area between the line of perfect equality to the Lorenz curve.
Which of the following is characteristic of firms operating in an oligopoly market?
a. either homogeneous or differentiated products b. mutual interdependence among firms c. significant barriers to entry d. All of the above characterize oligopoly firms.
If the Fed purchases government securities from the public, the
a. money supply will decrease. b. reserves of commercial banks will decrease. c. required reserves ratio will increase. d. monetary base will increase.
The annualized monthly CPI numbers are
A. less volatile than the Core CPI. B. different, but no more or less volatile than the Core CPI. C. more volatile than the Core CPI.