If the area between the line of equality and the Lorenz curve is 1,000, the Gini ratio is
A) 0.8.
B) 0.2.
C) 0.1.
D) 0.5.
B
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Expansion of a nation's human capital can be achieved through
A) education and training. B) education and saving. C) education and technology improvements. D) education only. E) nothing because human capital is determined by the skills people are born with.
By 1980, the unemployment rate in the United States for women was essentially the same as that for men
a. True b. False Indicate whether the statement is true or false
The United States Social Security system
A. pays benefits in direct accordance to what each individual has paid into the system. B. has paid the current generation of recipients less in benefits than it paid in payroll taxes. C. has paid the current generation of recipients more than it paid in payroll taxes. D. paid the earlier generations more and the current generation less than each paid in payroll taxes.
The absolute price elasticity of demand for a product that has many good substitutes is probably
A) less than 1. B) greater than 1. C) equal to 1. D) infinity.