A Gini coefficient of 0 represents perfect equality in the distribution of income
Indicate whether the statement is true or false
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Suppose a consumer is willing to pay a maximum of $45 for a brand of perfume whose price increases from $37 to $41 . What will be the impact of this price rise on the consumer surplus?
a. Consumer surplus will increase by $8. b. Consumer surplus will decline by $8. c. Consumer surplus will increase by $4. d. Consumer surplus will decline by $4.
You withdraw some of your savings to invest in a new business venture. Which of the following statements is true?
a. The return you will earn from this new investment is your opportunity cost. b. The interest rate you would have earned in the bank is higher than the return from this investment. c. The return you expect to earn from this new investment must exceed your opportunity cost. d. The return you expect to earn from this new investment must equal your opportunity cost.
Borrowing VCU3 from an online company cause the nation's:
a. Monetary base to remain the same. b. M2 money supply to fall. c. M2 money multiplier to rise. d. M2 money supply to rise.
The capital ratio is the ratio of a bank's
A) assets divided by its liabilities. B) income divided by its assets. C) capital divided by its assets. D) capital divided by its total liabilities.