Income inequality tends to be greatest in
A. Richest countries.
B. Middle-income countries.
C. Poorest countries.
D. None of the choices are correct.
Answer: C
You might also like to view...
If an alternative provides a benefit of $8 to an individual at a cost of $6, the net benefits of the alternative equal:
A) $0.75. B) $48. C) $2. D) $14.
In a simplified banking system with a 20 percent required reserve ratio, a $1,000 open-market sale by the Fed would cause the money supply to:
a. increase by $200 b. decrease by $200. c. decrease by $5,000 d. increase by $5,000.
Some economists argue that the recent relatively high rate of unemployment has resulted in part from the fact that a part of the workforce has not made the adjustment to new technologies
Indicate whether the statement is true or false
Eunice had the option to buy stock or bonds in Company K. She opted to purchase bonds. Given this decision, which of the following is most likely to be Eunice’s objective?
a. She wants a say in how the company is run. b. She wants a safe, predictable payment from her investment. c. She wants the opportunity to achieve a big capital gain. d. She wants to own a portion of the company.