Which of the following numbers, if it were equal to the 80/20 ratio for a particular country, would indicate the most inequality?

As output increases

A) the difference between average total cost and average variable cost decreases. B) marginal cost increases continuously. C) average variable cost becomes smaller and smaller. D) the difference between average total cost and average variable cost becomes greater and greater.

The Fed's principal decision-making body, which directs buying and selling U. S. government securities, is known as the:

a. Federal Deposit Insurance Corporation. b. District Board of Governors. c. Federal Open Market Committee. d. Reserve Requirement Regulation Conference.

Economics indicates that government funding of special interest projects and favoritism of some business firms relative to others will lead to

a. efficient allocation of resources because the government action will correct the failures of the market. b. the funding of productive projects that will improve the well-being of most citizens. c. economic inefficiency because the funding will be driven by political rather than economic considerations. d. a decline in political contributions and a reduction in the quality of the candidates willing to run for political office.

Which of the following will most likely occur as the result of an unanticipated increase in aggregate demand?

a. an increase in output and a move to a higher price level b. an increase in prices and a long-run increase in output c. an increase in long-run aggregate supply (LRAS shifts to the right) d. a decrease in the natural rate of unemployment