Generally speaking, income inequality is
A) higher in Europe than in the United States.
B) higher in the United States than in most of the developing world.
C) extremely high and does not vary much between nations in the developing world.
D) higher in the developing world than in the developed world.
D
You might also like to view...
Mr. Garrison has recently obtained a bank card from South Park National Bank. Excited about the concept of using a little plastic card to get money from a machine, he quickly runs down to the nearest ATM and withdraws $500. This action has
A) reduced the bank's required reserves by $25 assuming the reserve ratio is 5 percent. B) reduced the money supply by $500. C) increased the money supply by $500. D) not changed the money supply.
The larger the fraction of an investment financed by borrowing,
A) the smaller the potential return and potential loss on that investment. B) the greater the potential return and the smaller the potential loss on that investment. C) the smaller the potential return and the greater the potential loss on that investment. D) the greater the potential return and potential loss on that investment.
A public good is ________ and ________.
A) excludable; nonrival B) nonexcludable; rival C) excludable; rival D) nonexcludable; nonrival
Present value:
A. is how much an amount of money obtained in the future is worth today. B. does not account for inflation. C. is always greater than the future value of money. D. All of these statements are true.