Refer to Figure 18-6. If area X = 2,060, area Y = 240, and area Z = 2,700, calculate the Gini coefficient for Islandia
A) 0.41 B) 0.45 C) 0.70 D) 0.76
A
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Which of the following occurs if the expected profit increases?
A) Investment demand increases and the demand for loanable funds curve shifts rightward. B) The quantity of investment demanded decreases and there is a movement up along the demand for loanable funds curve. C) The quantity of investment demanded increases and there is a movement down along the demand for loanable funds curve. D) The savings increases and the supply of loanable funds curve shifts rightward. E) Investment demand decreases and the demand for loanable funds curve shifts leftward.
When the price of an asset rises above what appears to be its fundamental value, the market is said to be experiencing a speculative bubble
a. True b. False Indicate whether the statement is true or false
Refer to the graph shown. The least-cost method of producing 1,000 units of output is shown at point:
A. A. B. B. C. C. D. D.
Barriers to entry might include all of the following EXCEPT
A. positive economic profits. B. government franchise. C. ownership of essential resources. D. patents and copyrights.