If the Gini coefficient is greater for Zambia than for the Netherlands, we can conclude that the
A. Distribution of income in the Netherlands is closer to being equal than in Zambia.
B. Distribution of income in the Netherlands is as equal as it is in Zambia.
C. Distribution of income in the Netherlands is less equal than in Zambia.
D. Relative distributions of income in the two countries are the same.
Answer: A
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Suppose a country's net exports equal 0. If the volume of exports increases without any change in the volume of imports, the country will experience a ________
A) budget surplus B) budget deficit C) trade deficit D) trade surplus
Which of the following characteristics is a precondition for economic growth?
i. economic freedom ii. free markets iii. active government policy to discourage saving A) ii only B) Both ii and iii C) i only D) iii only E) Both i and ii
Economists who think the capture theory explains regulatory behavior will support their claims by noting that
A) regulation as carried out in this country generates larger profits for the firms and does not generate lower prices for consumers. B) consumers actually dominate regulatory hearings through the influence of consumer advocacy groups. C) Congress ensured that consumers have more influence on the decisions of regulators by setting up the agencies in ways that insulated the regulators from the regulated firms. D) the firms that are regulated have greater incentive to try to influence regulators than do consumers.
The answer is: "rational ignorance." What is the question?
A) Why do special interest groups lobby politicians? B) What causes a candidate in a two-person political race to take polls? C) What explains why voters often know very little about the candidates and the issues? D) What motivates the free rider?