If the Gini coefficient of Country A is 0.3 and the Gini coefficient of Country B is 0.45, we can conclude that
A. income is more evenly distributed among households in Country A than in Country B.
B. wealth is more evenly distributed among households in Country A than in Country B.
C. income is more evenly distributed among households in Country B than in Country A.
D. wealth is more evenly distributed among households in Country B than in Country A.
Answer: A
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The introduction of a new technology that raises the marginal product of new capital will:
A. decrease real interest rates and increase the equilibrium quantity of saving supplied and demanded. B. increase real interest rates and decrease the equilibrium quantity of saving supplied and demanded. C. decrease real interest rates and the equilibrium quantity of saving supplied and demanded. D. increase real interest rates and the equilibrium quantity of saving supplied and demanded.
A government-sponsored good is often
A) produced by the government. B) subsidized. C) taxed. D) advertised.
Public elementary and high school education in the United States is provided
A) as a free good. B) as a subsidized good. C) at the market clearing price. D) in an amount less than the equilibrium quantity.
A resident of the U.S. just purchased a share of stock on the London stock market. As far as the U.S. balance of payments this purchase will
A) have no influence on the balance of payments since stock is not a good or service. B) be entered as a unilateral transfer in the current account. C) be entered in the capital account. D) require special drawing rights.