The Gini Coefficient in the United States has changed from 0.377 in 1986 to 0.45 in 2017, which means income inequality has ______.
a. grown
b. shrunk
c. disappeared
d. held steady
a. grown
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Real wages would rise if the prices of goods and services
A. rose more rapidly than nominal wage rates. B. and wage rates both fell. C. rose less rapidly than nominal wage rates. D. and wage rates both rose.
Why does a new hardcover Stephen King novel have a higher price than the paperback edition?
A) It costs more to produce. B) The elasticity of demand differs. C) The publisher is more greedy when marketing the hardcover edition. D) The publisher is a price searcher on the hardcover editions and a price taker on the paperback editions.
The world's largest net debtor nation is
a. Russia b. China c. Brazil d. Mexico e. the United States
Cost-push inflation happens when technological innovation unexpectedly lowers the cost of production, causing increased demand for goods and services
a. True b. False Indicate whether the statement is true or false