If a good is congestible, then _____
a. the optimal sharing group is a the national level
b. the optimal club size is where marginal reduction in cost per user is minimized
c. some congestion is optimal
d. marginal costs are constant for any possible output level
c
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On the Lorenz curve graph, the area between the line of equality and the Lorenz curve is 2,500, and the entire area beneath the line of equality is 5,000. What does the Gini ratio equal?
What will be an ideal response?
U.S. citizens migrating to Illinois in the first half of the 19th century would most likely have come from:
a. Massachusetts and New Jersey. b. California and Oregon. c. North and South Carolina. d. Up the Mississippi River from Louisiana and Mississippi.
Disinflation is the term for a period during which overall inflation rates are:
A. positive and falling. B. negative. C. positive and increasing. D. zero.
Which of the following is not affected by the level of economic activity in a country?
a. The amount spent by entrepreneurs for the installation of new machinery b. The amount spent by consumers to buy goods and services c. The amount spent by government for the provision of social security d. The amount spent by government for the expansion of roadways