A Gini coefficient is a number that measures a society's income inequality
Indicate whether the statement is true or false
TRUE
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Which of the following had prompted the Chinese authorities to stand ready to buy or sell dollars steadily and in large volume?
a. Huge current account deficit b. Currency pegged to the dollar c. Floating rate policy d. Adherence to the old gold standard
Ajax Corporation has just decided to let managers work from home one day a week. This decision will make working conditions better and will
A. lead to an increase in the supply curve of labor for managers. B. increase the elasticity of demand for labor for managers. C. leave the supply curve of labor unchanged. D. cause the demand curve for labor for managers to increase.
Use the following graph to answer the next question.
Which change would be consistent with an attempt by the Federal Reserve to reduce inflation?
A. shifting Sf3 to Sf1 B. shifting Sf4 to Sf3 C. shifting Sf1 to Sf2 D. shifting Sf4 to Sf2
In the early 1960s South Korea was an extremely poor country. However, in 1963, the country began a remarkable economic ascent. What was a direct cause of this?
A) a shift in strategy that emphasized exports rather than imports B) an increase in wages C) an increase in the labor force D) an increase in the money supply E) an emphasis on education, leading to a highly productive labor force