Since 1970, the U.S. Gini ratio has
A) increased.
B) decreased.
C) increased and then decreased.
D) decreased and then increased.
A
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A country will import a good only if
a. there is excess domestic quantity supplied at the world price b. domestic quantity supplied is greater than world quantity supplied c. domestic quantity demanded is less than world quantity demanded d. domestic quantity demanded is zero at the world price e. excess quantity demanded is positive at the world price
If the price of peanut butter decreases substantially (ceteris paribus), the equilibrium quantity of jelly, a complement, is likely to:
a. increase, and the equilibrium price of jelly is likely to decrease. b. increase, and the equilibrium price of jelly is likely to increase. c. decrease, and the equilibrium price of jelly is likely to decrease. d. decrease, and the equilibrium price is of jelly likely to increase.
Which of the following are policy levers?
A Population growth, spending behavior, and invention B. Wars, natural disasters, and trade disruptions C. Government regulation, tax policy, and the availability of money D. Jobs, prices, and growth
Refer to Figure 13-1. Ceteris paribus, a decrease in interest rates would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.