The most widely used measure of income inequality is
A) the Bureau of Labor Statistics' cost-of-living index.
B) the Laffer curve.
C) the Lorenz curve.
D) the Gemini coefficient.
Answer: C
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A nation can produce two products: tanks and cars. The table below is the nation's production possibilities schedule:Production Possibilities ScheduleProductABCDEFTanks012345Cars10009508506503500Given the production possibilities schedule above, a combination of 3 tanks and 350 cars
A. illustrates the trade-off between tanks and cars. B. is not attainable because this combination is not listed in the schedule. C. is attainable but entails some unemployment or inefficient use of society's resources. D. cannot be produced by society, given its current resources and production technology.
In 2009, tickets to a Presidential Town Hall meeting were distributed to individuals through a random selection of those who registered on a website. The tickets were allocated by which method?
A) lottery B) majority rule C) contest D) first-come, first-served E) personal characteristics
By providing and communicating information, the financial system
A) reduces the difference between the return on three-month U.S. Treasury bills and the return on thirty-year U.S. Treasury bonds. B) relieves individual savers from the necessity of searching out individual borrowers. C) eliminates the risk in investing in the stock market. D) guarantees investors a reasonable return on their money.
Professional securities analysts achieve high rate of investment success following a random walk strategy.
Answer the following statement true (T) or false (F)