Which of the following results from one group in a society receiving a disproportionate share of wealth than others in that society?
a. Income inequality
b. Poverty growth
c. Income redistribution
d. Economic recession
a. Income inequality
Income inequality results from one group in a society receiving a disproportionate share of wealth than others in that society.
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In the United States, the wealthiest 10 percent of households own about ________ of total wealth
A) 40 percent B) 66 percent C) 90 percent D) 55 percent
Countries with the
A) biggest deflations and output contractions are countries which were never on the gold standard until 1936. B) biggest inflations and output contractions are countries which were on the gold standard until 1936. C) lowest deflations and output contractions are countries which were on the gold standard until 1936. D) biggest deflations and output increases are countries which were on the gold standard until 1936. E) biggest deflations and output contractions are countries which stayed on the gold standard until 1936.
Which of the following groups is an investment bank NOT likely to visit during a "road show"?
A) institutional investors B) individual investors C) university endowments D) mutual funds
According to the bounded rationality hypothesis, an individual confronting a large number of complicated choices is most likely to respond by
A) using a simple rule of thumb to choose among a subset of easiest-to-evaluate options. B) using the ceteris paribus assumption to assist in simplifying and examining each of the possible options. C) utilizing readily available empirical evidence to assist in evaluating every option. D) assessing every available choice by developing sophisticated theories regarding each option.