Among the United States, Finland, and South Africa, income is distributed most equally in ________ and least equally in ________
A) the United States; South Africa
B) Finland; South Africa
C) Finland; the United States
D) South Africa; the United States
B
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If the yield curve has a mild upward slope, the liquidity premium theory (assuming a mild preference for shorter-term bonds) indicates that the market is predicting
A) a rise in short-term interest rates in the near future and a decline further out in the future. B) constant short-term interest rates in the near future and further out in the future. C) a decline in short-term interest rates in the near future and a rise further out in the future. D) a decline in short-term interest rates in the near future and an even steeper decline further out in the future.
One should ignore the degree of income inequality _____
a. when one considers the design of redistribution programs b. when one only cares about improving the lot of the worst off in society c. when considering whether or not to transfer resources from the rich to the poor d. when considering progressive taxation
In the long run, all firms in a perfectly competitive industry
A) earn economic profits. B) break even. C) suffer economic losses. D) sell differentiated products to earn economic profits.
Randomized controlled trials cannot:
A. evaluate the impact of all programs or policies on development. B. help explain why a particular program succeeded. C. provide strong support that a program proven effective in one place can be duplicated in another or that its effectiveness would be maintained over time. D. All of these statements are true.